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The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?
Plain English with Derek Thompson
Is There a Recession Coming for Housing?
Housing is 20 percent of the economy and it's likely entering its own finite recession. The average price for a new home sale in 2019 would be 32 percent lower than pre-pandemic, says Michael Wolraich. There are 70 million millennials that are entering really like peak home buying age,. And they have to buy a house, right? They're having kids, they need the house.
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