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the downturn in U.S home prices continues to intensify with the k-shiller home price index falling for six consecutive months and the Census Bureau reporting that the median new home selling price has declined by 15 percent several months ago we heard that the U.S housing market was facing a supply shortage and that meant home prices would not fall fast forward to today and home prices are falling in many areas of the country with all 20 major cities reporting price declines in Decembers case Schiller report in this video were going to look at the real reason home prices are declining and why these price declines will continue throughout 2023 over the summer we made a video discussing several leading indicators of home prices and said that home prices would turn down and potentially buy a large amount in late 2022 and early 2023 were now seeing Swift declines in many regions of the country specifically areas like Phoenix and Las Vegas two areas that have a very high volume of new c
