Today was the day the Inverted yield curve finally returned to normal. The short term treasury bond has been paying a higher interest rate than the 10 year treasury bond since June of 2022. That is a long time to have the yield curve inverted. There is now a 90% chance we’ll have a recession within the next 6-8 months. I will not be surprised if that happens. The unemployment numbers haven’t been very good lately, and the new jobs created are also down. I think this could be really good for the home buyer, while current home owners will likely lose some of there current NET worth. I believe the market will recover and things will be just fine.
If you are able, now is a great time to do what you can to be prepared for economic hard times. Savings and lowering monthly committted expenses wherever possible are good places to start. We’ll get through this.
