- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" style="box-sizing: inherit; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 0px 24px; width: 999px; max-width: unset;">
Video Ad Feedback
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221025181735-retired-americans-inflation.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221025181735-retired-americans-inflation.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="Situation Room" data-show-url="https://www.cnn.com/shows/situation-room" data-check-event-based-preview="" data-network-id="" data-details="" data-position="0" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
retired americans inflation
Senior citizen on inflation: Everything is going up except our income
03:23
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221020180830-laryy-summers-10-20-22.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221020180830-laryy-summers-10-20-22.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="Situation Room" data-show-url="https://www.cnn.com/shows/situation-room" data-check-event-based-preview="" data-network-id="" data-details="" data-position="1" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
laryy summers 10.20.22
Hear when Larry Summers thinks the US will enter a recession
03:17
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/210608162545-lordstown-motors-factory-file.jpg?q=x_2,y_2,h_1123,w_1995,c_crop/h_540,w_960"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/210608162545-lordstown-motors-factory-file.jpg?q=x_2,y_2,h_1123,w_1995,c_crop/h_540,w_960"}}" data-vr-video="" data-show-name="New Day" data-show-url="https://www.cnn.com/shows/new-day" data-check-event-based-preview="" data-network-id="" data-details="" data-position="2" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
The Lordstown Motors factory where GM once operated, in Lordstown, Ohio on October 16, 2020. The old GM factory has been acquired by Lordstown Motors, an electric truck startup that wants to build a full-size pickup called Endurance.
People in small town were left reeling after factory closure. Hear how they plan to vote
03:01
relatively stronger than it's been in decades. So what's that mean for you? Kristina Hooper, chief global market strategist at Invesco, explains." data-duration="01:50" data-source-html=" - Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220926151851-pound-dollar-parity.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220926151851-pound-dollar-parity.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="3" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A £1 pound coin is seen alongside US dollar bills on April 4, 2017 in Bath, England.
Here's what a strong US dollar means for you
01:50
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="4" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
Here's where mortgage rates and home prices may be headed in 2023
01:41
- Source: CNNBusiness " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221215080848-david-schnitzler-yurkevich-pkg1.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221215080848-david-schnitzler-yurkevich-pkg1.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="5" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
David Schnitzler Yurkevich pkg1
Men are dropping out of the workforce. Here's why
02:55
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221019150215-us-gas-prices-1019.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221019150215-us-gas-prices-1019.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="6" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A person prepares to pump gas at a BP gas station on Coney Island Avenue on October 19, 2022 in the Flatbush neighborhood of Brooklyn borough in New York City. President Joe Biden announced the sale of an additional 15 million barrels from the Strategic Petroleum Reserve. The announcement was made three weeks before the Midterm Elections and the move is expected to meet the administrations goal of releasing 180 million barrels from the Strategic Petroleum Reserve to counter the rising gas prices due to Russia's invasion of Ukraine.
Is the economy as bad as it seems? Maybe not
01:28
- Source: CNNBusiness " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221129082729-01-brian-moynihan-poppy-harlow-interview-1129-screenshot.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221129082729-01-brian-moynihan-poppy-harlow-interview-1129-screenshot.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="7" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
01 Brian Moynihan Poppy Harlow interview 1129 SCREENSHOT
Bank of America CEO predicts 'mild recession' next year
04:22
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221118170845-heater-vpx-111822.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221118170845-heater-vpx-111822.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="The Lead" data-show-url="https://www.cnn.com/shows/the-lead" data-check-event-based-preview="" data-network-id="" data-details="" data-position="8" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
heater vpx 111822
Some Americans being forced to pick between paying for groceries and heating their homes
02:57
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221017133009-01-clothes-shopping-050722.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221017133009-01-clothes-shopping-050722.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="9" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
Customers browse racks of clothing as they shop inside a discount department retail store in Las Vegas, Nevada, on May 7, 2022. - The US economy added a better-than-expected 428,000 jobs in April, with the unemployment rate remaining at a low 3.6 percent, the Labor Department reported. The data pointed to continued strong employment growth and contained hints that some inflationary pressures may be easing, with workers' wages rising less than in March. But investors remain anxious that rising prices and higher interest rates will hit consumers, slowing the economy's expansion in the second half of 2022. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
CNN reporter shows what consumer price growth means for inflation
02:50
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/201211104159-grocery-shopper-pandemic-stew-leonards.jpg?q=x_24,y_14,h_1055,w_1875,c_crop/h_540,w_960"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/201211104159-grocery-shopper-pandemic-stew-leonards.jpg?q=x_24,y_14,h_1055,w_1875,c_crop/h_540,w_960"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="10" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
grocery shopper pandemic stew leonard's
Grocery chain CEO on food prices: 'My crystal ball is broken'
02:07
- Source: CNNBusiness " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220805130057-job-openings-sign.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220805130057-job-openings-sign.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="11" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
People walk past a
The jobs market is strong, but showing 'significant cracks'
02:35
- Source: CNNBusiness " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102145953-matt-egan.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102145953-matt-egan.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="12" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
Matt Egan
What the Fed's latest historic interest rate hike means
01:49
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102143603-01-jerome-powell-federal-reserve-interest-rates-hike-1102.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102143603-01-jerome-powell-federal-reserve-interest-rates-hike-1102.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="13" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington.
Fed's Powell: 'Time for easing rate increases is coming'
02:26
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102131525-robert-herjavec-fed.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221102131525-robert-herjavec-fed.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="14" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
Robert Herjavec Fed
'Shark Tank' star makes prediction about the economy
02:20
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221019110914-global-recession-fears-restricted.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221019110914-global-recession-fears-restricted.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="15" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A customer pushes a shopping cart in the parking lot of the Carrefour SA hypermarket in the Grand Littoral retail park in Marseille, France, on Monday, July 25, 2022.
'Recession is pretty much a foregone conclusion:' Economist explains
01:44
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221025181735-retired-americans-inflation.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221025181735-retired-americans-inflation.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="Situation Room" data-show-url="https://www.cnn.com/shows/situation-room" data-check-event-based-preview="" data-network-id="" data-details="" data-position="16" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
retired americans inflation
Senior citizen on inflation: Everything is going up except our income
03:23
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221020180830-laryy-summers-10-20-22.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/221020180830-laryy-summers-10-20-22.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="Situation Room" data-show-url="https://www.cnn.com/shows/situation-room" data-check-event-based-preview="" data-network-id="" data-details="" data-position="17" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
laryy summers 10.20.22
Hear when Larry Summers thinks the US will enter a recession
03:17
- Source: CNN " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/210608162545-lordstown-motors-factory-file.jpg?q=x_2,y_2,h_1123,w_1995,c_crop/h_540,w_960"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/210608162545-lordstown-motors-factory-file.jpg?q=x_2,y_2,h_1123,w_1995,c_crop/h_540,w_960"}}" data-vr-video="" data-show-name="New Day" data-show-url="https://www.cnn.com/shows/new-day" data-check-event-based-preview="" data-network-id="" data-details="" data-position="18" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
The Lordstown Motors factory where GM once operated, in Lordstown, Ohio on October 16, 2020. The old GM factory has been acquired by Lordstown Motors, an electric truck startup that wants to build a full-size pickup called Endurance.
People in small town were left reeling after factory closure. Hear how they plan to vote
03:01
relatively stronger than it's been in decades. So what's that mean for you? Kristina Hooper, chief global market strategist at Invesco, explains." data-duration="01:50" data-source-html=" - Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220926151851-pound-dollar-parity.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220926151851-pound-dollar-parity.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="19" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A £1 pound coin is seen alongside US dollar bills on April 4, 2017 in Bath, England.
Here's what a strong US dollar means for you
01:50
- Source: CNN Business " data-fave-thumbnails="{"big":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"},"small":{"uri":"https://media.cnn.com/api/v1/images/stellar/prod/220520163214-us-homes-for-sale-0314.jpg?c=16x9&q=h_540,w_960,c_fill"}}" data-vr-video="" data-show-name="" data-show-url="" data-check-event-based-preview="" data-network-id="" data-details="" data-position="20" style="box-sizing: border-box; -webkit-font-smoothing: antialiased; text-rendering: optimizeLegibility; clear: both; margin: 0px 16px 16px 0px; background-color: rgba(0, 0, 0, 0); cursor: pointer; list-style: none; position: relative; display: flex; width: 268px; flex-direction: row; max-width: unset; flex: 0 1 auto; height: 62px;">
A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
Here's where mortgage rates and home prices may be headed in 2023
01:41
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David Schnitzler Yurkevich pkg1
Men are dropping out of the workforce. Here's why
02:55
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A person prepares to pump gas at a BP gas station on Coney Island Avenue on October 19, 2022 in the Flatbush neighborhood of Brooklyn borough in New York City. President Joe Biden announced the sale of an additional 15 million barrels from the Strategic Petroleum Reserve. The announcement was made three weeks before the Midterm Elections and the move is expected to meet the administrations goal of releasing 180 million barrels from the Strategic Petroleum Reserve to counter the rising gas prices due to Russia's invasion of Ukraine.
Is the economy as bad as it seems? Maybe not
01:28
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01 Brian Moynihan Poppy Harlow interview 1129 SCREENSHOT
Bank of America CEO predicts 'mild recession' next year
04:22
Washington, DCCNN — 

Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record. A lot of would-be buyers and sellers watched from the sidelines.

Throughout 2022, the Federal Reserve hiked its benchmark interest rate at a record pace to slow the economy and fight high inflation. Housing took the brunt of the impact, as the most interest rate-sensitive sector of the economy. The Fed's actions had the intended effect, though, with housing affordability deteriorating and demand dwindling, which led to declining sales and slower annual price growth.

So what's in store for the housing market this year? Home prices rose nearly 40% from the spring of 2020 to the spring of 2022, representing roughly a decade of price gains in just a couple of years. Will what went up also come down?

Housing experts and economists are not in agreement.

Economists' predictions range from prices rising by around 5% this year, according to Realtor.com, to as much as a 22% decline from the peak in 2022 to the trough, according to John Burns Real Estate Consulting.

What happens with inventory, mortgage rates, and the broader economy will likely determine which tack the market takes.

"Mortgage rates are really critical to the path of the housing market in the year ahead," said Jeff Tucker, senior economist at Zillow. "We are watching to see affordability gradually improve. That should breathe some life back into the market."

Another thing he's keeping an eye on is inventory of homes for sale, which is already almost back up to where it was in 2020, he said.

"Yes, things have cooled way down in the housing market, but we don't have a glut of homes for sale," said Tucker. "That is the main thing that is buffering us from runaway price declines."

Where will home prices go?

Zillow forecasts that home prices nationally will decline by between 1% and 4% from last June's levels, the 2022 peak.

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