• Backbone Of Information
  • Privacy Policy
  • Nigerian
    • Nigerian Education
    • Nigerian Lifestyle
    • Nigerian Fashion
    • African/Nigerian Music
    • Nigerian Food Blog
  • HEALTH
  • SCIENCE & TECHNOLOGY
  • LIFESTYLE
    • Design
      • Industrial Design
      • Interior Design
        • Home Staging Interior Design
        • Scandinavian Interior Design
        • Home Renovation
        • FarmHouse
      • Landscape Design
      • Packaging Design
      • Urban Planning
      • Garden Design
    • Travel
      • African Travel
      • Expat
      • Dubai
      • Luxury Travel
      • Family Travel
      • Black Travel
      • Immigration
        • Australian Immigration
        • Canada Immigration
        • Uk Immigration
        • Us Immigration
      • Visa
      • Tourism
      • Solo Travel
    • Fashion
      • Hijab Fashion
      • Knitting
      • Christian Fashion
      • Quilting
      • Embroidery
    • Nigerian Lifestyle
      • Nigerian Fashion
    • Party
  • LIFE
    • Educational
      • DIY
        • DIY Home Decor
      • ACT
      • Home School
      • Health Education
      • Home steading
      • General knowledge
      • Educational Technology
      • Adult Education
      • Tools
      • Writing
      • STEM
      • Unschooling
      • Blogging Tips
      • International Education
        • Study Abroad
          • Canada Education
          • Australian Education
          • Uk Education
          • Nigerian Education
    • Relationship
    • Religion
    • Self Improvement & Personal Development
  • FINANCE
Tuesday, January 19, 2021
AmazingReveal
  • Backbone Of Information
  • Privacy Policy
  • Nigerian
    • Nigerian Education
    • Nigerian Lifestyle
    • Nigerian Fashion
    • African/Nigerian Music
    • Nigerian Food Blog
  • HEALTH
  • SCIENCE & TECHNOLOGY
  • LIFESTYLE
    • Design
      • Industrial Design
      • Interior Design
      • Landscape Design
      • Packaging Design
      • Urban Planning
      • Garden Design
    • Travel
      • African Travel
      • Expat
      • Dubai
      • Luxury Travel
      • Family Travel
      • Black Travel
      • Immigration
      • Visa
      • Tourism
      • Solo Travel
    • Fashion
      • Hijab Fashion
      • Knitting
      • Christian Fashion
      • Quilting
      • Embroidery
    • Nigerian Lifestyle
      • Nigerian Fashion
    • Party
  • LIFE
    • Educational
      • DIY
      • ACT
      • Home School
      • Health Education
      • Home steading
      • General knowledge
      • Educational Technology
      • Adult Education
      • Tools
      • Writing
      • STEM
      • Unschooling
      • Blogging Tips
      • International Education
    • Relationship
    • Religion
    • Self Improvement & Personal Development
  • FINANCE
  • Backbone Of Information
  • Privacy Policy
  • Nigerian
    • Nigerian Education
    • Nigerian Lifestyle
    • Nigerian Fashion
    • African/Nigerian Music
    • Nigerian Food Blog
  • HEALTH
  • SCIENCE & TECHNOLOGY
  • LIFESTYLE
    • Design
      • Industrial Design
      • Interior Design
      • Landscape Design
      • Packaging Design
      • Urban Planning
      • Garden Design
    • Travel
      • African Travel
      • Expat
      • Dubai
      • Luxury Travel
      • Family Travel
      • Black Travel
      • Immigration
      • Visa
      • Tourism
      • Solo Travel
    • Fashion
      • Hijab Fashion
      • Knitting
      • Christian Fashion
      • Quilting
      • Embroidery
    • Nigerian Lifestyle
      • Nigerian Fashion
    • Party
  • LIFE
    • Educational
      • DIY
      • ACT
      • Home School
      • Health Education
      • Home steading
      • General knowledge
      • Educational Technology
      • Adult Education
      • Tools
      • Writing
      • STEM
      • Unschooling
      • Blogging Tips
      • International Education
    • Relationship
    • Religion
    • Self Improvement & Personal Development
  • FINANCE
AmazingReveal

Housing prices and the next recession :REAL ESTATE

by Real Estate
February 15, 2020
in Real Estate
2 min read

RelatedPosts

Real Estate Tips for Buyers in Boulder, Colorado :REAL ESTATE

Easy Breezy | 5 houses with wonderful verandas – Sotheby’s International Realty LUXURY HOMES

A mid-century luxury hiker in Bellevue: Our top 5 :REAL ESTATE

5 of the best villages to buy property in the Saint Tropez area LUXURY HOMES

Load More

Does our last recession tell the story of what will happen to property prices in the next recession? You will be surprised that the next recession may be different.

A recent report by a title insurance company, First American Financial Services, discusses the likelihood that the US housing market will remain stable in the next recession. Most experts predict that the next recession will not come soon, but this news is certainly welcome. First American Financial Services used its own data and additional information from Freddie Mac and the National Association of Realtors to illustrate how the property market has worked in previous recessions and to indicate that the property market has generally remained strong.

What will be different

In the last recession, you had increased access to mortgage loans, which opened the door to home ownership for more people with less equity in their homes. The construction also produced more houses, which reduced house values ​​when the recession started. These factors, along with job loss, have contributed to the severity of the recent recession and its impact on property prices.
Our current economic expansion has led to growth in property prices and more homeowners with more equity in their homes. In contrast to the last recession, this increase in home ownership is not due to an increase in access to mortgage credit. Given the strong homeowner and the current shortage of housing supply, the housing market is expected to be more resilient and less homeowners at risk of submerging their loans.

“While the real estate crisis is still fresh in the minds of many and triggered the great recession, the US real estate market has weathered all other recessions since 1980. Indeed, the real estate market can actually help the economy recover from the next recession – a role it has traditionally played in previous economic recovery. “

– Odeta Kushi, author of the report and deputy chief economist at First American

As usual, there will be some regional differences and some regions may be less resilient than others. Regions with a higher concentration of homeowners who have been in default since the last recession would be more vulnerable to downturns triggered by job losses.

“Overall, homeowners now have a very high level of predictable home equity, which is a cushion to withstand potential price drops,” writes Kushi. “In fact, the real estate market can actually help the economy recover from the next recession – a role it has traditionally played in previous economic recoveries.”

Note: We are not the author of this content. For the Authentic and complete version,
Check its Original Source

Next Post

Should you switch to a free or low cost bank account? PERSONAL FINANCE

How I build a Bluetooth controlled 4 wheel robot car with Arduino in Nigeria : Nigerian Education

How to start an e-commerce business: 6 steps to online success : E-COMMERCE MARKETING

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • What to consider when choosing an online casino
  • Conference Call: Trump Policy Summary – Murthy Law Firm Us Immigration
  • Laws of Karma – with Shakuntali, you can change it
  • Birthday Cake Rice Krispie Treats : FOOD
  • Email Marketing Basics for New Marketers : E-COMMERCE MARKETING
  • UNIABUJA) Resumption of remedial date 2019/2020 : Nigerian Education

Popular Categories

Amazing Reveal

Contact: [email protected]

Navigate Site

Follow Us

Social icon element need JNews Essential plugin to be activated.
  • Backbone Of Information
  • Privacy Policy
  • Nigerian
    • Nigerian Education
    • Nigerian Lifestyle
    • Nigerian Fashion
    • African/Nigerian Music
    • Nigerian Food Blog
  • HEALTH
  • SCIENCE & TECHNOLOGY
  • LIFESTYLE
    • Design
      • Industrial Design
      • Interior Design
      • Landscape Design
      • Packaging Design
      • Urban Planning
      • Garden Design
    • Travel
      • African Travel
      • Expat
      • Dubai
      • Luxury Travel
      • Family Travel
      • Black Travel
      • Immigration
      • Visa
      • Tourism
      • Solo Travel
    • Fashion
      • Hijab Fashion
      • Knitting
      • Christian Fashion
      • Quilting
      • Embroidery
    • Nigerian Lifestyle
      • Nigerian Fashion
    • Party
  • LIFE
    • Educational
      • DIY
      • ACT
      • Home School
      • Health Education
      • Home steading
      • General knowledge
      • Educational Technology
      • Adult Education
      • Tools
      • Writing
      • STEM
      • Unschooling
      • Blogging Tips
      • International Education
    • Relationship
    • Religion
    • Self Improvement & Personal Development
  • FINANCE

Contact: [email protected]

close

Ad Blocker Detected!

Please Deactivate Ad Blocker to access blog

Refresh