{"id":235995,"date":"2022-04-22T16:07:00","date_gmt":"2022-04-22T16:07:00","guid":{"rendered":"https:\/\/omni48.com\/news\/fannie-mae-a-recession-is-likely-in-2023-but-the-hot-housing-market-should-cushion-the-blow"},"modified":"2022-04-22T16:07:00","modified_gmt":"2022-04-22T16:07:00","slug":"fannie-mae-a-recession-is-likely-in-2023-but-the-hot-housing-market-should-cushion-the-blow","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/fannie-mae-a-recession-is-likely-in-2023-but-the-hot-housing-market-should-cushion-the-blow","title":{"rendered":"Fannie Mae: A recession is likely in 2023, but the hot housing market should cushion the blow"},"content":{"rendered":"<p>Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.Banks and investors are all warning that the likelihood of a recession is growing. The only question is, how bad will it be?Inflation is hitting consumers hard, with prices rising at their fastest rate in four decades. Both the Federal Reserve and the White House have made countering runaway inflation their top economic priority by steadily raising interest rates, but it seems that some degree of economic decline within the next two years is all but inevitable.The biggest fears are that a contraction in 2023 might match the impact of the Great Recession. But this isn&#8217;t 2008, and there is one crucial economic metric that could prove to be the difference-maker between a severe recession and a moderate one: the red-hot U.S. housing market.In its latest economic and housing outlook report, mortgage giant Fannie Mae concedes that a<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you. Banks and investors are all warning that<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-235995","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/235995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=235995"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/235995\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=235995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=235995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=235995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}