Peebles: Housing market headed for “crash landing”
Source:
The Real Deal
As interest-rate hikes slow the housing market, one developer believes the real estate industry could be in for years of pain. Appearing on CNBC’s “The Exchange,” Thursday, Peebles Corporation CEO Don Peebles expressed doubts over the Federal Reserve’s ability to execute a “soft landing” for the economy. “My concern is we’re in for a crash landing,” Peebles said, predicting that rate hikes will bring down home prices across the country as more buyers are priced
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