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In this Real Estate News Brief for the week ending September 17th, 2022... what the job market says about recession, why home prices might be peaking, and how much lot prices have contributed to high home prices. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. Moody’s chief economist, Mark Zandy, says “we’re not even close” to a recession right now. He spoke at the National Multifamily Housing Council’s fall meeting last week. He says it’s difficult to even think we’re in a recession with such great data on the job market. We’ve got high job creation numbers, a high number of unfilled positions, a high “quits rate” which means that employees feel confident about quitting one job to find another, and a low number of layoffs. (1) He also says it’s likely that GDP numbers will be revised higher, and the average homeowner has about $185,000 in equity with money in the b