The U.S. housing market is in significantly worse shape than the is saying, a top economist has warned - and prices will soon fall sharply. Ian Shepherdson, chief economist at Pantheon Macroeconomics, said that the outlook for housing sales is even more grim than the Fed has said, and the 'worst is yet to come' for home prices.He tweeted on Tuesday that he had been 'bearish as hell about housing for months' - meaning that he predicted a significant slump in the market.
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