Is the housing market in a recession? While the U.S. economy continues to grow, home sales remain near historic lows, buyers are struggling with affordability, and homeowners are reluctant to give up their low mortgage rates. Economists are calling it a “rolling recession,” and one warns it could take another five years for the market to return to normal. Kathy Fettke breaks down the latest housing data, what’s keeping the market stuck, and what it could mean for real estate investors.
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Source: https://www.scotsmanguide.com/news/rolling-recession-for-housing-sector-reflects-new-normal/
