Cushman &Wakefield recently released its mid-year housing outlook, and the news is complicated.
The firm said that "strong demand across various housing sectors is continuing to fuel growth." But that is only half the story, as "persistent inflation continues and ongoing moderation in overall economic and labor conditions is impacting affordability."
"Cracks are forming beneath the surface, as consumers and businesses remain under pressure from the cumulative effects of higher interest rates and inflation," said Cushman & Wakefield Deputy Chief Economist and Global Head of Forecasting Rebecca Rockey in prepared remarks.
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