Ross Perot Jr. predicted an inflation and interest rate 'headwind' will create a slowdown in the real estate market at the World Economic Forum in Davos.
makes a home more expensive, it's going to slow down sales. But you've got high-growth markets where you've got such a waiting list for home buyers. In Texas, the buyers are basically working through their waiting list. The builders are working through the waiting list.
Billionaire businessman and real estate expert Ross Perot Jr. said the market faces a"headwind" from rising inflation and interest rates, likely creating a slowdown. You still are getting homes sold, but it's going to slow down. And you've got the inflation of the home, plus the interest rate on the home – that's a headwind, and so it will slow down. We don't have to have a recession. But if we keep these policies up, Maria, we will have a recession. And we've got to get pro-growth. We've got to be pro-business. We've got to encourage the American entrepreneur to continue to grow, to continue to hire.