Abstract: The slowdown in the residential real estate market, a crucial cog in the American economy, is threatening sectors like home improvement and storage.
Lead Paragraph:
John Matheson, a home inspector in Alameda, Calif., kept busy during the pandemic when the housing market was red hot. But as interest rates started to rise about halfway through 2022, he noticed that his workload began to drop. Last year, the number of jobs plummeted.
Source: The New York Times
Category: Business
Sub Category:
2024-01-01T10:00:40+0000
By Martha C. White