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[quote=Anonymous]I’m a business owner. Of housing/RE related services. And it’s never been this bad.

Felt the murmuring Fall of 2022 but there was still some gas in the tank. Then noticed some serious “consumer apprehension/customer pull back” during the spring of 23 at rates and costs we had been accustomed to confirming and booking since Summer 2021.

By October 2023 our slowdown was real and it was coinciding with the LOWEST period of mortgage apps/housing contracts since 2001. I guess I knew we were exposed to RE all down but those lessons are for the textbook nerds.

I had closed my line of credit so I literally sold anything I could to make it through the winter this year. Bookings and service work are up so far from the last 6mo BUT barely on pace with Spring 2023.

Point is - for those businesses tied exclusively to real estate transactions and other housing related turnover there is a significant loss of momentum. That means fewer large equipment/vehicle purchases and fewer raises and fewer office staff needed to complete the work. So for us - and it might only be us - we are in a recession. [/quote]

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