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Benzinga
Benzinga
Business
Snigdha Gairola

Moody's Warns Of Housing Market 'Red Flare' As Sales Plunge, Builders Back Off

Moody's

The U.S. housing market is showing signs of a significant slowdown, with a sharp decline in sales and a potential threat to the economy, according to Moody’s.

What Happened: The housing market, which had been resilient for several years, is now displaying concerning indicators such as a surge in listings, a decrease in home sales, and a halt in price growth, reported The Street on Tuesday.

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