The Economy Invariably Manages To Grow Long After The Housing Market Peaks

There is so much angst over the run-up in mortgage rates, the impact on housing, and the subsequent effect on the overall economy. I continue to field so many comments on how the economy can manage to survive without a vibrant residential real estate market. The answer is simple. The economy invariably manages to grow in an economic cycle long after the housing market peaks. It has always been the case, and the current situation is no different.

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