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"Collapse" in home prices is coming, experts say

Data: FactSet; Chart: Axios Visuals

The residential real estate market has screeched to a halt, and some economists believe home prices are about to drop significantly.

The big picture: Existing home sales have fallen for nine straight months. The supply of single-family homes is growing. And with mortgage rates near 7%, experts say a large-scale housing slowdown is becoming increasingly likely.

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