Recession fears are affecting buyers, who consume more media and information about the future of the economy.
Recession talk is everywhere, especially in the housing sector, as recent data on weaker housing starts and sales compounded by higher mortgage rates signal a slowdown.
But that doesn’t necessarily mean that the sector is in a recession like what we saw during the Great Financial Crisis. It’s more nuanced than that. Homes are still selling, Christine Cooper, chief U.S. economist and managing director at CoStar Group, said. Buyers are simply feeling more uncertainty with the possibility of a broader economic recession looming.
“‘When everybody went out to look at homes, there were lines out the door at open houses. Everybody was like, “I better go buy a house.”‘” But given the macroeconomic backdrop, “there could still be a few more months of overshooting to the downside before inventories expand,” Cooper said, and “house price gains cool sufficiently and sales resume.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of America CEO blasts White House’s ‘recession’ semanticsMoynihan, the leader of one of the largest financial institutions in the world, said regardless of what the White House wants to call it, what matters is the real financial burden the current econo…
Consulte Mais informação »
Suarez powers Mariners as Athletics lose first game of 10-game homestandLoss to Seattle Friday night underscores A’s dilemma with a tough schedule the rest of the way.
Consulte Mais informação »
Cheney: Jan. 6 panel in ‘discussions’ with Pence’s counsel about testifyingIn an interview with ABC’s “This Week,” Rep. Liz Cheney, the vice chair of the Jan. 6 panel, said that the committee is in 'discussions' with Vice President Mike Pence's counsel about testifying.
Consulte Mais informação »
People Who Love Their Jobs Are More Prone to BurnoutBurnout can be characterized more specifically by three symptoms: exhaustion, cynicism, and lack of efficacy.
Consulte Mais informação »
Veronica Alvarez becomes first woman manager for A’s Class A affiliate LansingVeronica Alvarez has worked with the A’s in spring training since 2019. She is currently serving as the manager for the A’s HIgh A affiliate in Lansing.
Consulte Mais informação »
HGTV home renovation show looking to cast San Antonio residentsThe home renovation show, whose first season was also exclusively filmed in San Antonio, follows host Kim Wolfe as she transforms and updates homes. SanAntonio SATX HGTV
Consulte Mais informação »