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Podcast: Money Life with Chuck Jaffe
Episode: First American's Kushi: Housing market will remain weak, even when rates fall
Description: Odeta Kushi, deputy chief economist at First American Financial Corp., says she expects the housing market to remain sluggish for as mortgage rates remain above 6 percent; while she expects the Federal Reserve to cut rates during the second half of the year, she's not expecting conditions to change much. That said, she noted that First American's Housing Recession Indicator — based on the trends of eight economic variables — is not flashing red, largely because new home sales have remained strong enough to overcome the other headwinds that home builders are facing. David Trainer, founder and president, New Constructs, puts electric-vehicle make...