from Birch Gold Group:

From Peter Reagan at Birch Gold Group

Since we’ve been in a constant state of recession watch for a while now, today I’m going to explore the current state of the housing market.

Why housing? Well, here’s what The Economist has to say about it:

The importance of American housing resides not so much in its absolute size, big though it is at about $45 [trillion] in total value. Rather, it serves as a bellwether of the economy’s performance amid rising interest rates. Has the Federal Reserve lifted rates by enough to calm inflation without crushing growth? Has it gone too far? Or, perhaps, not far enough? As one of the earliest and largest sectors to react to changes, the property market offers some answers.