Back to today’s briefing

Story perspectives

Experts Warn: U.S. Recession Looms Amid Housing Crisis

5/26/2025

50 8

Summary

Story summary

Citi Research raises alarms about a looming U.S. recession, highlighting a sharp decline in housing activity and mortgage rates nearing 7%. While easing trade tensions offer a glimmer of hope, JPMorgan's cautious outlook predicts slight job losses ahead. With dwindling permits and plummeting prices, the housing market appears increasingly vulnerable.

1 of 1

Story summary

Citi Research raises alarms about a looming U.S. recession, highlighting a sharp decline in housing activity and mortgage rates nearing 7%. While easing trade tensions offer a glimmer of hope, JPMorgan's cautious outlook predicts slight job losses ahead. With dwindling permits and plummeting prices, the housing market appears increasingly vulnerable.