March 15, 2022

Several economists and market analysts were skeptical of ANZ’s early-year prediction that home prices may decline by seven percent (or more) throughout the year. With inflation taken into account, the 10% price decline forecast by ANZ in March climbed to 12% in April, 15% in June, and 18% by late October. Eventually, even the most optimistic analysts and banks admitted the decline would be big, and they revised their estimates accordingly. The investment banking company Jarden predicts that national home values will continue falling at an increasing rate through March. How much prices will fall and how much the typical