A Recession Does Not Equal a Housing Crisis

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Real Estate

A Recession Does Not Equal a Housing Crisis

per Keeping Current Matters | March 20, 2020

 

Some Highlights

The COVID-19 pandemic is causing an economic slowdown.
The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.