Jeff Cox of CNBC –
- Declining home sales are “consistent with the possibility of a late 2019 or early 2020 recession,” St. Louis Fed economist William Emmons said in a report.
- The analysis overlays home sales over 12- and 36-month periods to look at trends that have held up during the previous three recessions.
- Emmons said a recession, if it hits, would be “much less severe” than during the Great Recession that exploded in 2008.
