Why Wall Street Is Gung-ho on the Housing Market

New York Times, Aug. 17, 2023-Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni (subscription)

Wall Street is increasingly divided on whether the U.S. economy is at risk of falling into recession. The minutes from the Fed’s latest meeting released on Wednesday show that officials are still focused on inflation, but that the central bank’s economists have reassessed earlier forecasts of a downturn. One area looks safe from the dreaded “R” word: the housing market.
https://www.nytimes.com/2023/08/17/business/wall-street-housing-market-mortgages.html