Today we’re going to take a look at the U.S. economy, which ultimately drives the real estate market and home sales.
Typically, the stronger the economy, the healthier the real estate market across the board, including commercial real estate and both owner-occupied and rental residential real estate.
But fluctuations in the economy over the past few years – particularly the dramatic rise in inflation as we exited the pandemic and the unprecedented actions by the Federal Reserve to get inflation under control – have the market struggling to perform as well as we’d like.
Let’s take a look at what’s happening in the economy today, what the Federal Reserve is up to, and what economists are forecasting as we navigate the second quarter of 2024.
