Recession in 2020? What Will Be the Impact?

Recession DOES NOT Equal Housing Crisis

Sometimes folks confuse a recession with a housing market crash. Actually, they are quite different and distinct from one another.

The country has experienced a housing crash very early this century. Many have recovered from that and some still have a way to go. The country has experienced several recessions since the 70’s, all with little impact on housing. Checkout the attached chart.

If you have a fear of buying a home because there may be a coming recession, simply have a look the historical impact on housing – and then decide. If you wish to discuss it, call me – Al.