Article by: Simplifying the Market™Originally Published: March 23, 2020, 10:00 amMore and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more […]
A Recession Does Not Equal a Housing Crisis
Article by: Simplifying the Market™Originally Published: March 20, 2020, 10:00 am 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 […]
Are We About to See a New Wave of Foreclosures?
Article by: Simplifying the Market™Originally Published: March 19, 2020, 10:00 amWith all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be […]
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