Morning Report: U.S. home prices post first annual decline in over a decade
The U.S. housing market posted the first year-over-year decline in home prices since 2012. The decline is the result of higher mortgage rates. Real estate brokerage firm, Redfin showed that the median U.S. home sale price fell 1.2% from the previous year in February. Meanwhile, nearly 200 banks are at risk of collapse. A new study, published on the Social…