flexiblefullpage - default
Currently Reading

Preparing for the Next Recession

Advertisement
billboard - default
Economics

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. Realtor.com 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

Advertisement
leaderboard2 - default

Related Stories

Market Data + Trends

What's in Store for the National Housing Market in 2024

According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge

New-Home Sales

October Saw New-Home Sales Fall More Than Expected

Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October

Economics

Unexpected Increase in Housing Starts and Permits in October

The Midwest and West posted the strongest home building activity in October

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

By addressing social determinants of human health, such as housing, Sameer Sood's FwdSlash is helping to make affordable shelter a value-based investment

Get your sales and marketing teams together to create and deliver a consistent brand message from start to finish

Successful builders can grow during this housing recession if they plan for it by maintaining liquidity, keeping up their reputation, and actively searching for opportunities

Advertisement
native2 - default
Advertisement
halfpage1 -

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
Subscribe
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.