Recession, Rates, And Housing (Episode 98)

C.A.R. economists discuss the prospect a 75bps increase of the Federal Reserve's target interest rate. Home sales continue to fall and the market has become much less competitive. At the same time, inventory is rising and many would-be buyers have a better chance having their offers accepted or having sellers that are more willing to negotiate. Episode 98 concludes with a brief summary of our latest forecast to see where this is all headed in 2023.