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Housing markets tumbling, a signal that a wider recession is coming

Consumers should prepare for price declines in home values and higher payments

Taylor Morrison homes, foreground, under construction at Macanta September 22, 2022. (Photo by Andy Cross/The Denver Post)
Taylor Morrison homes, foreground, under construction at Macanta September 22, 2022. (Photo by Andy Cross/The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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The housing market is cooling quickly in Colorado and across the country under the pressure of rapidly rising interest rates, a reversal that will worsen any economic slowdown in the months ahead, several real estate experts are warning.
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