Americans haven't been this gloomy on home prices since at least 2014

More sellers are slashing prices and offering concessions.

Reuters

• A New York Fed survey found that Americans expect home prices to grow 2.6% in the next 12 months
• That's down form 7% a year ago and the lowest reading since the data set started in 2014.
• Rents are expected to jump by 8.2% in the next year and 8.8% in three years.

Household expectations for home price gains slumped to their lowest in nine years, according to a Survey of Consumer Expectations...