Economy News The Economy Might Be Booming, But Housing Is In A Recession Top Real Estate Ceo Says He’s Never Seen Anything Like It In 20 Years
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Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies
Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his call for Fed cuts to lower mortgage rates. Read More
Scott Bessent Issues Recession Warning Over Housing Market
Demand has shrunk in recent months because of ongoing affordability issues keeping homebuyers to the sidelines of the market, including stubbornly elevated borrowing costs, high prices and property ... Read More
Bessent says high US interest rates may have caused housing recession
Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ... Read More
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