2022 has come and gone – and for many Americans it was a wild ride economically. But it’s not all doom and gloom – and some bright spots may continue into 2023. | via texasstandard
This transcript has been edited lightly for clarity:
Well, so inflation has been on everybody’s minds. And so that is a real thing, and it is really hurting people. But basically, a lot of the doom and gloom seems to have just been ignoring the data. Real consumption continued to grow through the data that we’ve gotten so far; real production continued to grow. Most of the things that people actually care about besides prices of goods and services continue to look good.
And so just the ability to pay for a house given a payment has just swung wildly with those interest rates. And so we continue to expect to see price growth through this year to continue to moderate. And then we wouldn’t be surprised at all – and to some extent expect – to maybe even see some year-over-year price declines.
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