Is the U.S. Tipping Into a Recession? The Answer Will Determine the Direction of the Housing Market
Whether the nation is in a recession, hurtling toward one, or will narrowly avoid it altogether, whatever is going on in this uncertain, rocky economy is giving many would-be homebuyers and sellers pause.
The Federal Reserve has intentionally tried to slow the U.S. economy and the housing market, with multiple rate hikes in its quest to curb runaway inflation. But if the Fed doesn’t achieve its aim of a “soft landing” for the economy, the ensuing downturn could be unlike any seen before.
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By Claire Trapasso
Published on March 29, 2023