REUTERS/ Gus Ruelas
- Kevin O'Leary finds it surprising that the US economy has avoided a recession so far.
- The "Shark Tank" investor expects interest and mortgage rates to rise further.
- Low unemployment and the remote-working trend are fueling demand for rentals and homes, he says.
Kevin O'Leary had a mix of good and bad news for Americans in a recent interview. The US economy has managed to escape a recession so far — but mortgage rates are headed higher in the months ahead, he said.
"We have this weird situation in America, we're at full employment," the "Shark Tank" investor told Fox News. "We have not yet seen the full impact of what should be, and has been called for for months, a recession."