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𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟬 – 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲

– How likely is the recession in 2020? This is the question of the hour. It’s on everyone’s mind. Hi, I’m Carlisa Martindale, a broker with Century
21 Lifestyles Realty. We need to remember that next year is the presidential election year and probably one of the most
controversial elections yet. There’s gonna be a lot of questioning and political debates about the economy, why it’s so good, and questioning if our
economy is going to decline. So this can stir up a lot of hype. There have been four major
surveys this year asking experts if they believe if we are
going to see a recession. 67% do believe that we should
see a recession by 2020. Pulsenomics surveys analysts and 59% believe that we will
see a recession by 2020. Why do we think this is? This has been the longest
recovery in American history, so we should expect to see a slowdown. The GDP will slow down,
but let’s look up Webster’s dictionary’s definition of a recession. A period of temporary economic decline during which trade and industrial
activities are reduced, generally identified by a fall of GDP, gross domestic product, in
two successive quarters. You need to remember that recession does not mean housing crisis. In three of the last five recessions, housing prices actually
increased during the recession. Obviously, 2008 was the most dramatic. On the same survey from Pulsenomics that asked if they
anticipated a recession, they also asked in the
same day, at the same time, the same survey, the same analyst, that they over asked what
would trigger the recession. Number one was trade policy, number two was stock market conditions, and number three was a geological crisis. Number nine on their list was
triggers of housing slow down. In ’08, our largest
decline in appreciation was because of a housing slowdown and the situation the mortgage industry. This year we’re not even in the top eight. Also, the same survey on the same day, they asked about the median
appreciation of housing. All the analysts said that the housing prices are going to go up, not down. Appreciation is going to slow down, but the prices are going
to be up everywhere from about 2.5 to 4.1% through 2020. Why is this important to know? We don’t wanna get in a panic
about buying and selling and become afraid that
it will be like 2008. Don’t let all the hype
about the recession scare you from the dream and
benefits of home ownership. In my opinion, it’s one of the very best investments that you can make. According to Mark Fleming,
First America’s chief economist, he says, “If the 30 fixed rate mortgage “declines just a fraction more, “consumer house buying power would “reach its highest level
in almost 20 years.” So what does this tell us? It tells us don’t be so
caught up with all the hype. Make the move, and as always, if you have any questions
at all, please ask. I’m here to help.

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