- November 12, 2022
- Posted by: Stratford Team
- Category: Economy
Are we heading for trouble, or will the housing economy settle down in 2023?
I grew up in the 80s, a period of time when inflation and recession were common language. At the end of the 70s inflation was raging and so the Federal Reserve dialed up interest rates, a recession followed. My memory of 1982 includes endless reports about layoffs and economic hardship and big midterm wins for Democrats. Then things turned around. Today, the story isn’t so simple, and it never is as events are unfolding. The Ringer has a great podcast called Plain English and I found their episode The Housing Recession is Coming informative and interesting. I speculated last month on what’s happening with the housing economy, but the podcast got me thinking again about what might happen to housing in 2023.
Host Derek Thompson starts with the weird signals coming from data sources reporting on various economic trends especially housing. Some measures show housing…