Despite some recession scares predicted for 2020, we are in a lengthy healthy economy and many experts don't see things slowing down anytime soon. It is believed that the real estate market will continue growing in the coming year.
With that good forecast for 2020, we will see a recession at some point, and you might wonder how this will affect the real estate market when it occurs. In the Great Recession of 2008, prices plummeted, but that hasn't always happened with prior recessions. Most believe that prices dropped so drastically because they were highly inflated to begin with. Income was not keeping up with the housing market and I knew it couldn't get much higher.
In our past 5 recessions, during three of them, home prices actually increased…
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