The U.S. economy is tracking a path very close to expectations – growing more slowly than last year but not decelerating to the edge of a recession. Yes, recession odds have risen in recent months, thanks mainly to a global backdrop that is turning weaker than expected. The International Monetary Fund just lowered its global growth forecast, reflecting harsher setbacks in some key economies, most notably Germany and China. Increased tariffs and other barriers that are impeding global trade are the most concerning influences behind the IMF’s more downbeat outlook.
In real estate, they say that location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early