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Top economist sees housing recession in the horizon

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Top economist sees housing recession in the horizon

Home sales decline may show a worse than anticipated housing recession, says Moody’s Mark Zandi.

Key Housing Points:

  • Housing market most sensitive to higher interest rates
  • Anticipate significant real estate price cuts
  • Slower hiring growth.
  • Softer job numbers ahead.
  • Remote work is here to stay
  • Home sales declines worse than anticipated.

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