Smith Brain Trust
Housing Market: Do Clouds on the Horizon Signal Storm or Steady Rain?
Inflation, soaring interest rates and massive financial market volatility have dampened end-of-year projections for the U.S. economy. But housing, in a historically low mortgage-rate environment, has been an outlier amid the disorder – until recently. Now, clouds are on the horizon, says Smith’s Clifford Rossi, and rumblings suggest all may not be well with U.S. housing. So, “to determine whether we’re looking at a Cat 5 hurricane or merely a steady rain, we need to scrutinize the host of variables affecting this market.”