The 2023 recession is canceled…or is it? Recent data now points to a “soft landing” that many economists thought almost impossible just a couple of months ago. But what changed? With home prices falling, interest rates rising, and buyer sentiment looking bleak, shouldn't a recession be on the horizon? Well, it’s not as simple as it may seem. We’ll dig through the data to see whether a recession is upon us, and if so, what impacts it could have on the housing market.
Welcome to WednesDave with Dave Meyer, where you’ll get the latest updates on everything related to the housing market, mortgage rates, the Fed, and anything else that could impact real estate. This time around, we’re debating whether or not a recession is in the cards for the US economy. With inflation declining, unemployment rates remaining low, and promising GDP growth, did the US just dodge one of the biggest economic bullets of the past few decades?
On the flip side, with many economists still believing a crash is more than possible, what should investors do? Is waiting around for lower interest rates worth the wasted time? Or should investors hold out for the deals to come if the economy is about to tank? Don’t know what to do? Stick around, and let Dave provide the details and the data.
00:00 The 2023 Recession is...Canceled?
01:32 A "Soft Landing"
02:38 Why There WILL Be a Recession
08:35 Why There WON'T Be a Recession
11:27 What The Experts Are Saying
13:16 What Does This Mean for Real Estate?
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Graphs Used in Today’s Video:
Consumer Spending: &
Inverted Yield Curve:
Inflation:
Unemployment:
GDP:
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FRED® Graphs Federal Reserve Bank of St. Louis. 2022. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. #davemeyer #thedatadeli
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