Thursday, February 25, 2021

Tag: Where Did the Housing Market Go

Where Did the Housing Market Go, and Where is it Going Next? My first 2020 Economic Prediction


by David Haggith, The Great Recession Blog:

Since hindsight is 2020, I thought it might be useful now that we are far past the time in 2018 when I called the fall of the US housing market to assess where its journey went during the year and a half that has gone by before I venture a housing market prediction for 2020.

There is no sense going further if I got that wrong.

To lead off, new housing sales have finally recovered from a perilous drop (if new housing sales can hold at their current level or rise above it):