FIRST AMERICAN ODETA KUSHI ON LABOR , AI AND HOUSING

What happened: First American deputy chief economist Odeta Kushi said in a HousingWire interview that higher mortgage rates will likely constrain the 2027 housing market, while income growth and slower home price appreciation offer opportunities. Key numbers: U.S. Why it matters: Kushi said a "low hire, low fire" labor market keeps employees from switching jobs, a key trigger for buying and selling homes, and that a frozen housing market may thaw once the labor market picks up.

First American deputy chief economist Odeta Kushi said in a HousingWire interview that higher mortgage rates will likely constrain the 2027 housing market, while income growth and slower home price appreciation offer opportunities.

Kushi said a "low hire, low fire" labor market keeps employees from switching jobs, a key trigger for buying and selling homes, and that a frozen housing market may thaw once the labor market picks up.