Hey there! Jennifer Hein with Rodeo
Realty and I would like to talk about a word that scares a lot of people and has
been all over the news lately. Recession!!! And you know what? After what happened in the 2008 recession, it’s perfectly understandable why a lot of people would
be concerned about the housing market. So, I’d like to offer a little bit of
clarity in this video about what a recession is and how it relates to the
housing market. What is a recession? According to Oxford Dictionary, a
recession is a period of temporary economic decline during which trade and
industrial activity are reduced generally identified by a fall in GDP
(that’s gross domestic product) in two successive quarters. And that’s it! Notice
there’s no mention of the housing market? An economic slowdown does not
necessarily indicate a housing market crisis! In fact, only two of the last five
recessions resulted in a drop in home prices. The other three there was an
increase in prices. So, when you hear the headlines talking about a recession, and
believe me it’s going to be a hot topic until Election Day, just know that a
recession is not necessarily a bad thing for the housing market And here’s my assistant hard at work as
always. Say hello Fritz! If you liked this video, please subscribe and like below
and if you have any questions regarding Real Estate, feel free to reach out
anytime. I’d be more than happy to help you!

Tagged : # # # # # # # # # # # # # # # # # # # # # # # # # # # #

One thought on “Is A Recession Bad For Real Estate?”

Leave a Reply

Your email address will not be published. Required fields are marked *