Experts are throwing cold water on a ‘housing collapse’ (ITB)
|01/29/2019||Posted by BusinessMediaguide.Com under General World News||
- The entire housing space — from homebuilders, to mortgage lenders, to economic data — has fallen under significant pressure over the last year as rising interest rates have posed a major headwind.
- While it’s worth noting a slowdown in a crucial part of the market and the economy, some strategists and economists say concerns are overblown.
- Economists at Bank of America Merrill Lynch recently told clients that while demand has slowed down, a full-on housing collapse is nowhere to be seen.