Currently Reading

Preparing for the Next Recession


Preparing for the Next Recession

February 21, 2019
recession prediction for 2019 or early 2020
Photo: Unsplash/Emma Dau

If a recession comes to the U.S., experts predict it will hit at the end of 2019 or in early 2020, but will not have as great an impact on housing and employment as the Great Recession.

Unemployment may tick up, with fewer jobs coming online, but experts do not anticipate widespread layoffs or foreclosures as was the case in 2008 and 2009. chief economist Danielle Hale says, “We’re at a record-low level of unemployment. The economy can’t stay here." She forecasts a recession beginning within the next two years. "This one will be mild." 

"We're just scared because of what happened last time. And that's not what's going to happen [again]," says Lisa Sturtevant, a housing consultant and chief economist at Virginia Realtors, the state's real estate association. If there is another recession, she says, "most people are not going to lose their house. Most people are not going to lose their jobs.” That's a relief to hear—but then again, few experts predicted the last housing bust.

Read more

Related Stories


Market Analysts Respond to the Treasury Secretary's Comments on Rising Rates

This week, Treasury Secretary Janet Yellen said interest rates may potentially increase to meet the economic growth, which may have spooked some…

Market Data + Trends

How Today’s Market Differs From 2008’s

Today’s highly competitive, nuanced housing market has caused buyers to wonder if there’s an impending crash similar to the mid-2000s, but today’s…


Do Unsustainable Home Prices Mean a Market Crash is Underway?

What goes up must come down, and for the current housing market, more consumers are concerned whether the fall will be a crash and burn. But just…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.