Housing Set to Plummet for the First Time in Over a Decade

House prices are set to plummet for the first time in a decade, claims a former Oppenheimer analyst who was dubbed the ‘Oracle of Wall Street.’ Meredith Whitney, known for her Wall Street predictions, anticipates a decline in U.S. house prices for the first time in a decade. The ageing Baby Boomer population downsizing and current high mortgage rates contribute to this trend. Recent data shows an uptick in reduced home listing prices, hinting at a market shift.