Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy.
“With lower growth in the economy we very likely will see a slide in real estate values in the next year and especially in home prices, which itself will exacerbate the situation: people spend less when they think their home is worth less. The real estate market has been over-priced since 2022 and a rapid economic slowdown is just the kind of event to trigger a readjustment.”
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