California Real Estate Radio

Welcome to the Fat to Fit Realtor's Real Estate Update podcast, where we bring you the latest insights into the ever-changing market. In today's episode, we delve into an important report from UBS that sheds light on Wall Street's outlook and the potential impact on the real estate industry.UBS, a prominent investment bank, argues that despite recent market rallies in the Dow, S&P 500, and Nasdaq Composite, we are still on track for a hard landing. They anticipate an economic contraction of approximately 1% peak to trough in real GDP, starting next quarter, which will have ripple effects on the labor market.Highlighting tepid growth in real consumer spending, weak business capex plans, and sluggish orders and shipments data, UBS raises concerns about the overall health of the economy. They suggest that beneath the surface, the labor market is showing signs of slowing down.According to UBS, an economic correction is looming on the horizon, with recession probabilities reaching nearly 80%. Th