A Recession Does Not Equal a Housing Crisis

A Recession Does Not Equal a Housing Crisis

 


Our last recession in 2008 was caused by a collapse of the mortgage-backed security market.

This is totally unlike what happened twelve years ago.  Both our economy and housing markets were strong going into this pandemic.

With interest rates at all-time lows, it is going to be an opportunity to buy for many buyers and we are expecting a quick rebound in housing.

It actually will help the financial markets rebound.

Presented as a public service by:

Joe Peters of Coldwell Banker April 29, 2020


 

History shows that a recession does not equal a housing crisis. Let’s connect to talk about what’s happening in our market and how it impacts your goals this year.


Presented as a public service by:

Joe Peters of Coldwell Banker April 29, 2020

 


Joe Peters Home Buying Guide April 29, 2020Joe Peters Millennial Home Buying Guide April 29, 2020Joe Peters Selling Buying Guide April 29, 2020

 

Hunterdon County Real Estate Market Update April 29, 2020Joe Peters of Coldwell Banker April 29, 2020 Somerset County Real Estate Market April 29, 2020

A Recession Does Not Equal a Housing Crisis

A Recession Does Not Equal a Housing Crisis


Presented as a public service by:

Joe Peters of Coldwell Banker March 20, 2020

This situation, while very concerning, is not similar to what we saw in the past.

The last recession was caused by the collapse of the financial market due to mortgage delinquencies.

In this case, it is resulting from the pandemic.

Joe Peters


A Recession Does Not Equal a Housing Crisis | MyKCM

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 a housing crisis, and this will not be a repeat of 2008.

 

 


Presented as a public service by:

Joe Peters of Coldwell Banker March 20, 2020

 


Joe Peters Home Buying Guide March 20, 2020Joe Peters Millennial Home Buying Guide March 20, 2020Joe Peters Selling Buying Guide March 20, 2020

 

Hunterdon County Real Estate Market Update March 20, 2020Joe Peters of Coldwell Banker March 19, 2020 Somerset County Real Estate Market Update March 20, 2020