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19th Aug 2025 09:57USDaily Monitor

  • Home sales have remained very weak despite recoveries in both supply and mortgage applications. 
  • That suggests to us that asking prices are too high, and need to come down for the market to clear.
  • Home prices have already fallen by about 1% since March and we think a further grind lower lies ahead.

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Keywords for: 21 August 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence