09/05/2019
Real Estate tends to fair well during recessions. In 3 out 4 of the recessions that preceded the 2008 "Mortgage Meltdown/Real Estate" Recession, Real Estate values increased; a fair amount too. Average over 6%. The 1990 recession had a net decline in average real estate values of less than 1%. And that 9 month recession was led by the S&L crisis of the late 80's
Last week realtor.com released the results of a survey that produced three major revelations: 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next. 57% believe the next recession will be as bad or worse than 2008. 55% said the...