BOISE, Idaho — We’ll start with the recession question. Stocks are down in a lot of areas, along with consumer confidence. The latest consumer price index numbers are up, which is good. But Goldman Sachs says there’s now a 35% chance of a recession. All that means is we still don’t know if we’re headed for a recession.
So, let’s focus on one particular market: home sales. Abby Davis told us how building material costs are going up. Home prices overall are up, too, though not spiking. So, is a housing bubble burst on the horizon?
Here’s what President of the Boise Regional Realtors, Elizabeth Hume, said: “When you ask me quirky questions like that, because I don’t have a crystal ball, I can go and look at historical data and see what it’s done in the past and what I think it might do again in the future.”…