Hot Housing Market Will Cushion Recession in 2023

With inflation rates increasing with no signs of slowing down, it is likely that a recession in 2023 is inevitable. In an economic and housing outlook report by Fannie Mae, a “soft landing” for the economy—wherein inflation dissipates without forcing a significant decline in economic activity—is now doubtful but demand for new homes will likely continue to outpace supply in the near future, which will be a driving factor in keeping prices and economic activity high through to 2023.

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