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https://neohomeloans.com/08/29/2024/what-you-need-to-know-about-the-recession-that-has-already-begun-and-how-it-will-affect-home-prices/?lo=drake.bloebaum%40neohomeloans.com
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title
What You Need to Know About the Recession That Has Already Begun and How It Will Affect Home Prices |
excerpt
content

 
 
 
 
 
 
 2024 began with optimism for the economy. Despite relatively high interest rates and efforts by the Federal Reserve to slow the pace of the economy in order to reduce the inflation rate, a recession was widely predicted to be avoided. That hope increased when the Fed announced it would begin reducing its benchmark interest rate in September. Unfortunately, that optimism disappeared recently as news broke of a disappointing job market report and a jump in the unemployment rate. One key indicator of the future economy called the Sahm Rule (more on that below) was now predicting a recession. To gauge the housing market’s direction in the end of 2024 and beyond, we need to keep a close eye on these key economic signals. Labor market trends, Fed policies, and other recession indicators will give us some good insight into the future of housing supply and deman...
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