How Would a Recession Impact Existing-Home Sales?

Recessions don’t always mean falling home sales–the housing market has remained resilient in many past downturns. But every recession is different, First American deputy chief economist Odeta Kushi writes.

Quote of the Day

“In the near term, we expect mortgage rates to remain in a fairly narrow range, between 6.5% and 7%, which should support the spring housing market.”
–MBA Chief Economist Mike Fratantoni, discussing the Fed’s interest rate decision