fbpx

Call/Text Steve
(619) 269-5030

The housing slowdown is a top signal that the US is headed into a moderate recession, Fannie Mae says

The housing slowdown is a top signal that the US is headed into a moderate recession, Fannie Mae says

Fannie Mae's chief economist Doug Duncan warned that the US is headed into a moderate recession, citing a slowdown in US housing activity as a major indicator. Existing home sales have plummeted to their lowest level since 2010 and are on track to post further declines this year. High borrowing costs have pushed buyers and sellers to the sidelines, but the strength of the housing sector could help the US exit a recession as soon as 2024.

Continue to full article

img

Steve Beaupre

Related posts

Deal Your Home in Northern California: Below $350K!

1. Lassen County Median sold price of existing...

Continue reading
by Steve Beaupre

Soaring Mortgage Rates Cool SoCal Housing Market

Mortgage rate increases in Southern California have...

Continue reading
by Steve Beaupre

San Diego’s Hottest Zip Codes

Rancho Penasquitos (92129): Typical home value is...

Continue reading
by Steve Beaupre