Housing Market = Deep Recession

Market Experts Say “We are in a Deep Recession”

As of Mid-September, 2022 the United States Housing Market has entered a “Deep Recession.” The causation of this recession has its roots in both mortgage rate increases and ongoing home price inflation. The inflated home prices have both Pandemic/Supply Chain Origins and high consumer demand origins. This has now trickled down to home builders and contractors. In brief, building materials and supplies have been negatively impacted by Covid induced supply disruptions. Plain and simple, homes are…