Meanwhile, Inside The Housing Bubble…

How large was the correction in the US housing market during 2022's rapid run-up in mortgage rates? Pretty large, according to a new Redfin analysis, which covered the period from the June price peak through year-end. Although the drop from record highs appears minuscule on a longer-term chart illustrating the total value of US residential real estate, the ostensible "blip" sums to $2.3 trillion, Redfin calculated. That marked the biggest June-to-December decline since the subprime bubble b