The Infographic "What Would a Recession Mean for the Housing Market?" above demonstrates that in most of the recent recessions, home prices have appreciated and mortgage rates have declined in the last six recessions. Key Takeaways If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four Continue Reading
Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. The U.S. adds whopping 528,000 jobs in July as the labor market booms. Employers continue to raise wages at a strong clip and generally maintain longer hours for workers. The sustained labor market Continue Reading
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The mortgage rate drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year Continue Reading
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