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August 2022 Market Recap

Recession is a global concern that affects all aspects of economy, including housing.

 

 

Economists project that there will be a recession in the next 12 months.

A recession does not mean falling prices but falling mortgage rates.

 

 

Because of this effect, new residential constructions are ensured to compensate.

 

Stabilization is achieved by maintaining lending standards and collections.

 

 

 

 

 

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