07/19/2022
A recession is defined as two consecutive quarters with no GDP growth – simply put it’s when an economy stops growing and begins to shrink. ⏳
The last time the US was in a recession was from 2008 to 2009 and in case you didn’t know, today’s housing market is nothing like it was in 2008.
Step back from 2008, and you see that home prices have appreciated in 4 of the last 6 recessions. 🏘 They only fell twice—slightly in the early 90s (1.9%) and almost 20% in 2008. (https://dqydj.com/historical-home-prices/ )
Not every recession is a housing crisis. Interested in learning more about your specific financial situation? Reach out to me for a Mortgage Checkup!! 📲
Home Loans Made Simple ✔ Simple is Better. ❤