I wouldn’t go rushing off to the “soft-landing scenario” based on Quarterly reporting of GDP… this macro-economic analysis is a tough gig. There are so many different ways to spin macro data…
GDP is up = economic recovery = housing recovery.
OR…
GDP is up = inflationary pressures typically follow = higher interest rates = downward pressure on housing prices.
I wonder why so many economists are wrong all the time… too many moving parts.
