Housing Transactions “Crashed” and a “Price Crash” will Follow!
Housing Transactions “Crashed” and a “Price Crash” will Follow!
Blake Morrow sits down with Eric Basmajian from EPB research to discuss the housing market and his views on the economy as we head into 2023.
Eric has been spot on in calling a housing crash as transactions have come to a stall in the US housing market. He believes that a crash in “prices” is very possible if the economy heads into a recession and we see employment soften in the US economy.
Eric also believes that the FOMC is close to a pivot in raising rates and next year inflation trajectory will suggest lower inflation into 2023.
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