Compared to a year ago, the economy is on firmer footing, and the outlook for residential real estate is improving, said National Association of REALTORS® Chief Economist Lawrence Yun at the REALTORS® Conference & Expo in San Francisco. “A year ago, conditions were soft, mortgage rates were close to 5%, and consumers were backing off,” said Yun, addressing a packed audience at the Residential Economic Issues & Trends Forum. “When housing is positive, the economy doesn’t go into a recession. There will be no recession if there is no major trade war.”

Full Article here: Barring a Major Trade War, No Recession in Sight

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