Housing Market at Risk as Rates Rise, Dollar Weakens, Demand Freezes
The housing market may be at greater risk than many of us thought. An economic trifecta is forming. If all three conditions hit at once, it could spell serious problems for anyone in the real estate industry. We may be close to a time when high home prices, high mortgage rates, and a recession all meet, causing a significant slowdown with effects that could hurt everyone who buys, sells, or helps transact on homes. But how likely is this to happen?
The past month has been a wild ride for the economy. Mortgage rates fell dramatically but are now shooting back up. Inflation and unemployment…
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