The US housing market may be trapped in a prolonged freeze

Redfin CEO Glenn Kelman joins 'The Claman Countdown' to discuss the impact of rising mortgage rates on the housing market.that stagnation in the housing market could last into 2024, whether the economy avoids a recession or not.

"Regardless of whether a soft landing is achieved over the coming year, we expect existing home sales to stay subdued and within a tight range," they wrote.have already tumbled 2.2% in July from the previous month to an annual rate of 4.07 million units, according to new data released Tuesday by the National Association of Realtors. On an annual basis, sales of previously owned homes are down 16.6% when compared with the same time last year.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US labor market & bureau labor statisticsUS labor market & bureau labor statistics
Source: KXDF News 13 - 🏆 266. / 63 Read more »

Court Finds That Southeast Market Transmission Scheme Protects MonopoliesFederal court's rejection of the Southeast Energy Exchange Market (SEEM) marks a victory for consumers in the U.S. Market Transmission Scheme
Source: cleantechnica - 🏆 565. / 51 Read more »

How's the housing market impacting the wider economy?Housing and housing services account for a significant slice of the nation's economic activity.
Source: fox28columbus - 🏆 249. / 63 Read more »