Plain English with Derek Thompson cover image

Could a Housing Recession Take Down the U.S. Economy?

Plain English with Derek Thompson

CHAPTER

Rising Interest Rates and Their Ripple Effects on Housing and Auto Industries

This chapter examines the challenges presented by rising interest rates on the housing market and economic activity, especially for apartment developers facing construction declines. It also discusses the burden on consumers from higher mortgage rates and their potential effects on spending and the overall auto industry.

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