- America’s leading group of homebuilders and realtors say the housing industry is in recession.
- Other housing experts say the market is in a correction after “unsustained and unprecedented” growth.
- Fed Reserve Chairman Powell says the market needs a reset where housing supply and demand are in sync.
A growing debate about where the U.S. housing market currently stands: Is it in recession or in a correction?
Experts are drawing a variety of conclusions as they look at the same indicators on everything from the Fed’s stance on interest rates to the sentiment of homebuilders, real estate agents and buyers about where things are headed. the market