Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush.
The writing is on the wall.
With inflation breaking 40-year highs, interest rates poised to reach 7% by years end, mortgage demand hitting a 22 year low and home sales sliding to pre-pandemic lows, it’s likely a downturn — major or minor — is on the way.
“Recession fears are escalating, mostly because the Fed...Stats From May
After two years of record-setting activity, there are signs the housing market might becooling. High home prices and a surge in mortgage interest rates are slowing buyeractivity, with home sales declining for the third consecutive month under the weight ofsoaring homeownership costs. The National Association of REALTORS® (NAR)reports existing home sales were down 2.4% from the previous month, while pendingsales fell 3.9% as of last measure, extending the trend of recent months....
The Grandstanders
This is a common sort of feedback/criticism/brainstorming, and it deserves a name.
Show up toward the end, when most of the work has been done and it's almost time to ship.
Make a suggestion that would require changing a great deal of what's been done. It might even be a good suggestion on its face, but it's hard to tell.
Contribute your suggestion without having built a body of work, without evidence of significant expertise and without being willing to take responsibility for...
