UBS U.S. homebuilders and building products and solutions analyst John Lovallo discusses whether housing has entered a economic downturn immediately after residence look for activity on Google plunged in November on ‘Varney & Co.’ El Paso, Texas, and Detroit may perhaps be the most inexpensive marketplaces to transfer to in 2023, but that will not make them the finest financial investment, according to Redfin main economist Daryl Fairweather.  Uncertainty surrounding the overall economy — coupled with significant mortgage costs, which are even now hovering earlier mentioned 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} — has pushed many would-be homebuyers out of the marketplace. Redfin data reveals that residence gross sales in November had been down 35{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}…