A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]
Posted by Lidya Fanta on March 23, 2020
The COVID-19 pandemic is causing an economic slowdown.
The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.
If you have any questions or concerns, the team at IRPINO Real Estate is always here for you. Please feel free to call, text or email Dominic at any time. We would be happy to schedule a virtual meeting with you as well.
Dominic Irpino Managing Broker IRPINO Real Estate
773-965-1871 Cell [email protected]