Wednesday, November 8, 2023 / by Angelo Mendes
In the ever-changing landscape of real estate, staying informed about economic developments is crucial for both potential homebuyers and sellers. Recently, Chicago Federal Reserve President Austan Goolsbee shared some insights on the economic outlook, shedding light on the possibility of a "soft landing" amid ongoing efforts to combat inflation without causing significant harm to the economy.
Understanding the 'Golden Path'
Goolsbee mentioned the possibility of a "golden path," where inflation is brought under control without triggering a recession. This scenario, if realized, could have a significant impact on the housing market. It could mean continued economic stability, with unemployment rates remaining modest while inflation subsides. For those considering buying or selling a home, this prospect offers hope for a resilient market.
The Fed's Recent Decisions