Housing Market Slump Fuels Recession Fears Ahead of Key August Data
Housing Market Slump Fuels Recession Fears Ahead of Key August Data The U.S. housing market is flashing critical warning signs for a potential recession, according to Moody’s Analytics chief economist Mark Zandi. In recent social media posts, Zandi highlighted that Moody’s leading economic indicator, powered by machine learning, now places the probability of a recession within the next 12 months at 48%. While just under 50%, Zandi noted that such a high probability has historically preceded an economic downturn. A…