The federal housing agency predicted home prices, sales will see year-over-year declines in 2023
Mortgage debt rebounds alongside housing market; credit card debt climbs too
Housing market, bank liquidity and the commercial real estate sector top the regulator's list of concerns
Average price to top $700,000 in 2024
Further upward pressure on rents is expected in the coming months
Affordability may become an even bigger issue as housing starts lag immigration numbers
Average price down 15%, new listings down 44% year over year
Other firms are rushing to set up back-office systems and internal procedures for the account
Affected owners have until Oct. 31 to file or pay before incurring interest and penalties
Sales rose 2.5% month over month, average home costs $662,437: CREA