There's growth, slowing growth, and flat-out recession. Recession or the R-word is a very good thing for our business because there's a ton of refinances, low-interest rates, and we start booming.
But right now, we're in that in-between zone, where the expansion of the economy is slowing. We're still expanding. We're still growing.
Our economy is 19% larger now than in 2019. Homeowners have seen rapid appreciation, probably no less than 12% in any market, some markets as high as 28% year-over-year.
This pace of growth is unsustainable so it will slow down. But slowing growth is not recessionary growth. It is not a detraction or loss of growth.
And right now the jobs are very strong, the economy is still strong.