The Daily Money: Is the housing market in a recession or correction?

Experts agree the housing industry is in the midst of a slowdown. But there's debate on whether to classify it as a correction or recession. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Tuesday, August 30 Happy Tuesday, readers. It's Brett Molina back again with your top Daily Money headlines. Have you been enjoying a bump in your credit score? Expect those boosts to slow down. For the first time in more than a decade, Americans' FICO scores held steady at 716 year-over-year from April 2021 to last year. So does that mean a recession is near? Maybe. Experts tell USA TODAY it's too soon to tell. In fact, a shift in how scores are moving won't predict a recession but will signal that it's already happened. And a friendly reminder: A FICO score between 670 to 739 is considered good, 740 to 799 is very good, and anything above that is exceptional. A FICO score below 670 is either considered fair or poor. 🏠 Housing market: Recession or correction? Make up your mind, housing industry. Are you in a recession or correction? While many experts agree there is a major drop-off in activity since reaching its early-pandemic peaks, there is debate on the current slowdown hitting the housing market. Most importantly, though, experts agree the housing market is nowhere close to the crash during the 2008 Great Recession. 📰 More stories you shouldn't miss 📰 Awkward workplace conversations. How to ask for a raise at work. Ask HR. Can you ask for workers' comp if you get injured working from home? MoviePass 2, Electric Boogaloo. Yep, the movie subscription service is back. More tips on tipping. How much should you leave the hotel housekeeper? 🍔 Today's Menu 🍔 We told you about this yesterday, but I'm a big fan of reminders. So, consider this your reminder that Starbucks brought back the Pumpkin Spice Latte today. There's also the Pumpkin Cream Cold Brew and the Apple Crisp Macchiato for those who are tired of all things pumpkin spice. Meanwhile, I'll be sitting here, sipping my regular coffee, with milk and sweetener. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Follow Brett Molina on Twitter: @brettmolina23. A recession or a correction? US housing experts debate which is which. Home builders and realtors say the housing market is in a recession; Other experts say it's a correction as there's a slowdown. Is a recession coming since credit scores are leveling off? The return of MoviePass: What to know about the subscription service Asking for a raise? Leaving your current company? Here are some tips. Can I file for workers' comp if injured while working from home? Ask... How much (and how often) you should tip hotel housekeeping Autonomous cars aren't quite ready for the road yet What stores are open, closed on Labor Day? Nearly half of Airbnb hosts said income helped keep them in their home Animal cookies sold at Target recalled due to possible metal...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102