The real estate market is shaking: Photograph increasingly similar to 2008, Case Shiller’s fall.
Fall of the monthly Case Shiller. Although the year-on-year declines are yet to be seen, the picture of the real estate sector is increasingly resembling the situation experienced during the 2008 crisis.
In monthly data, house prices fell for the first time since 2012 in the United States. Case Shiller’s downward move is only comparable to the onset of the 2008 recession.
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