A house price slump is coming, how bad it will be? Housing bubble or slump... how bad will it be? US mortgage rates topped 7% last month (October 2022) for the first time since 2002, up from just over 3% a year ago, before pulling back slightly in November as inflation eased... Tags housing Market Housing crisis interest rates inventory of homes Real Estate Value Affordability Phoenix economic forecasts houses appreciate housing bubble Read more about A house price slump is coming, how bad it will be?