It’s an election year and an impeachment year. In the business cycle, it’s time for a recession but the indicators aren’t showing one yet. But the indicators can be wrong. They’ve certainly been off base that a downturn was coming, so it’s no stretchto imagine they’re not on point about one not coming, either.
So what should we expect as this unprecedented year unfolds? We’ve collected a number of viewpoints and studies, most of which, as it turns out, seem bullish on the strength of this economy. That should be good news for mortgage pros – originations, after all, depend on consumers being ready, willing and able to buy homes. But be prepared: very few people saw the last big downturn until it was already wreaking havoc.