What an Economic Slowdown Could Mean for the Housing Market

Talk about the economy is all over the news, and the odds of a recession are rising this year.

Talk about the economy is all over the news, and the odds of a recession are rising this year.
At a national level, the housing market has shifted over the past year.
Here’s to the health and well being of your home
<p>There’s a lot of talk about a recession lately and how the odds of one are rising.</p>
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings…
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power…
Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down.