Housing Market has Peaked? Thankfully

I read yesterday that it is being reported that the housing market has finally peaked. Given the doubling of interest rates, this makes perfect sense. It will be interesting how much, if at all, housing values will fall. I’m not sure we will see a huge decrease in home values, but rather a stagnation in home values.

Marketwatch announced today that home sales plunged 16%. I’m prediction a slowdown in auto sales as well. Q2 auto figures will be down dramatically.