The Great Deceleration is a characterization of the housing market’s return to a more normalized pace after the frenzy of 2021. While it was expected that we’d see rising interest rates, economists were surprised by just how quickly they shot up – leading to this braking effect on the housing market. In today’s episode, we have Nadia Evangelou, a Senior Economist and Director of Forecasting for the National Association of Realtors. She’s interviewed by Jordan Norris and they cover the reasons behind the slowdown, how it’s impacting different segments of the market and her predictions for the remaining months of 2022.
