House

America is in the midst of an economic downturn, which is now projected by some to become a full-blown recession.

And although the housing market is beginning to experience the wrath of a slowing economy, a new report from Realtor.com suggests homebuyers remain hopeful.

According to the company’s survey data, nearly 70% of home shoppers believe the U.S. will enter a recession in the next three years. However, many of these prospective buyers still express confidence in the market.

“The U.S. economy has been on a hot streak for the last seven years, producing steady economic growth and low unemployment rates,” said Realtor.com Chief Economist Danielle Hale. “Historically, this type of growth hasn’t continued indefinitely, and…