What does Time say?

Recently, in my research about the housing market, I came across an article from Time that looks not just at what the housing market is doing but also why it influences the economy as a whole.
The reason economists are speculating a recession is due to the decline in house sales not only in smaller cities like Cleveland but also more populated ones such as Los Angeles and New York. As the article states, the decline in housing demand in these areas has led to a substantial decrease in jobs and spread rumors of the impending recession.

- Dr.ECON