September Market Update
Will there be a recession at the end of 2019?
According to two separate articles from the Wall Street Journal and Pulsenomics, which surveyed economist an analyst, they are predicting that we are heading into recession by the end of 2019. Adrienne Mott here with Sacramento signature properties. We don’t know exactly what impact it will have. As we know, a recession is when the economy slows up. It’s an economic decline in trade and industry activity; however, it’s really important to understand that a recession does not necessarily equate to a housing crisis, but obviously, when we’re in a “recession”, we most likely won’t be seeing the huge gains we’ve seen from the recession, which has been the second greatest recovery in American history.
With a recession, interest rates are anticipated to go up, which means that over the life cycle of owning a mortgage, a new home, the prediction of this recession, which obviously isn’t right around the corner, please rest assured that I’ll be here to pass on any and all information that I am learning as I am learning it regarding this recession and how it could possibly affect the housing market.
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