March 10th 2023
The Real Deal
It’s the economy, stupid.
That mantra, which helped former President Bill Clinton win the presidency in 1992, underscores how important a strong economy is to people’s livelihoods.
In that case, you may be hoping for signs of a weakening economy. That’s because a resilient economy encourages the Federal Reserve to keep raising interest rates in its quest to push inflation down to 2 percent. High interest rates depress the real estate market.
https://therealdeal.com/new-york/2023/03/10/why-a-weak-economy-would-help-nyc-real-estate/