112: Home Sales Forecast and Returning to a 1990s Housing Market w/Mark Fleming
Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer.
Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is…
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