Housing Market Collapse ‘Deepening, Fast’: New Home Sales Crater Again As Experts Worry Downturn Could Spark Recession

Updated Jul 26, 2022, 02:39pm EDT Topline New home sales unexpectedly plunged much more than economists projected in June, according to data released Tuesday, adding to signs that the housing market is abruptly unraveling pandemic-era gains as experts start to worry the downturn could spill over into the broader economy—potentially even triggering a recession. Key…

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