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Fortune

Jason Ma

Home prices could start falling this summer, marking the 'first domino to fall' on the way to a weaker economy, strategist says

Home Prices Housing Market

Houses falling like dominoes (Credit: Getty Images)

More homes on languishing on the market without any buyers, setting up prices to start falling as soon as this summer, according to Brian Nick, senior investment strategist at Macro Institute.

In fact, the year-over-year percentage increase in unsold existing homes for sale is the highest since the Great Financial Crisis, he told Bloomberg TV on Thursday.

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