The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?
Plain English with Derek Thompson
Housing Market Dynamics Amid Economic Shifts
This chapter examines the effects of rising mortgage rates and economic uncertainties on the housing market, highlighting a possible 10% decline in home prices in 2023. It also explores demographic trends, particularly millennial demand for housing, and the balance between short-term challenges and long-term opportunities in the sector.
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