Bloomberg reports on state of US housing value. This will result in distress sales and new demand for alternative funding for Banks.
The US housing market shrunk. By a lot. After peaking at $47.7 trillion in June, the total value of homes declined by $2.3 trillion, or 4.9%, in the second half of 2022. That’s the largest drop in percentage terms since the 2008 housing crisis
Bankwatch 