[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fjdjno5gkxa1":3,"$ffeh0925h8cuz":46,"$f2emv3tus0uf1":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},1297,"why-an-economic-slowdown-will-not-crush-real-estate-this-time","Why an Economic Slowdown Will NOT Crush Real Estate this Time","Last week, the \u003Cem>National Association for Business Economics\u003C\u002Fem> released their February 2019 \u003Ca href=\"https:\u002F\u002Ffiles.constantcontact.com\u002F668faa28001\u002F286fb75e-4f63-46ac-b351-7f6e78c57f67.pdf\">\u003Cem>Economic Policy Survey\u003C\u002Fem>\u003C\u002Fa>. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:\r\n\u003Cblockquote>\u003Cem>“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F03\u002F04115651\u002F20190307-Share-KCM.jpg","Last week, the \u003Cem>National Association for Business Economics\u003C\u002Fem> released their February 2019 \u003Ca href=\"https:\u002F\u002Ffiles.constantcontact.com\u002F668faa28001\u002F286fb75e-4f63-46ac-b351-7f6e78c57f67.pdf\">\u003Cem>Economic Policy Survey\u003C\u002Fem>\u003C\u002Fa>. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:\r\n\u003Cblockquote>\u003Cem>“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003C!--more-->\r\n\r\nTheir findings coincide with three previous surveys calling for a slowdown sometime in the next two years:\r\n\u003Col>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fpulsenomics.com\u002F2018\u002F05\u002Fexperts-predict-u-s-recession-in-2020-and-point-to-fed-policy\u002F\">\u003Cem>The Pulsenomics Survey of Market Analysts\u003C\u002Fem>\u003C\u002Fa>\u003C\u002Fli>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.wsj.com\u002Farticles\u002Feconomists-think-the-next-u-s-recession-could-begin-in-2020-1525961127\">\u003Cem>The Wall Street Journal Survey of Economists\u003C\u002Fem>\u003C\u002Fa>\u003C\u002Fli>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.cfosurvey.org\u002Fwp-content\u002Fuploads\u002F2018\u002F12\u002FQ4-18-US-Toplines.pdf#page14\">\u003Cem>The Duke University Survey of American CFOs\u003C\u002Fem>\u003C\u002Fa>\u003C\u002Fli>\r\n\u003C\u002Fol>\r\nThat raises the question: Will the real estate market be impacted like it was during the last recession?\r\n\r\n\u003Cstrong>A recession does not equal a housing crisis\u003C\u002Fstrong>. According to the dictionary definition, a recession is:\r\n\u003Cblockquote>\u003Cem>“A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nDuring the last recession, prices fell dramatically \u003Cem>because the housing collapse caused the recession\u003C\u002Fem>. However, if we look at the previous four recessions, we can see that home values weren’t negatively impacted:\r\n\u003Cul>\r\n \t\u003Cli>January 1980 to July 1980: Home values rose 4.5%\u003C\u002Fli>\r\n \t\u003Cli>July 1981 to November 1982: Home values rose 1.9%\u003C\u002Fli>\r\n \t\u003Cli>July 1990 to March 1991: Home values fell less than 1%\u003C\u002Fli>\r\n \t\u003Cli>March 2001 to November 2001: Home values rose 4.8%\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nMost experts agree with Ralph McLaughlin, \u003Cem>CoreLogic\u003C\u002Fem>’s Deputy Chief Economist, who \u003Ca href=\"https:\u002F\u002Fwww.financialsense.com\u002Fblog\u002F18957\u002Fhousing-market-cooling-heres-why\">recently explained\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“There’s no reason to panic right now, even if we may be headed for a recession. We’re seeing a cooling of the housing market, but nothing that indicates a crash.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe housing market is just \u003Cem>“normalizing”. \u003C\u002Fem>Inventory is starting to increase and home prices are finally stabilizing. This is a good thing for both buyers and sellers as we move forward.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf there is an economic slowdown in our near future, there is no need for fear to set in. As renowned financial analyst, Morgan Housel, \u003Ca href=\"https:\u002F\u002Fmobile.twitter.com\u002Fmorganhousel\u002Fstatus\u002F1100084994809180161\">recently tweeted\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.”\u003C\u002Fem>\u003C\u002Fblockquote>","\r\nIf there is an economic slowdown in our near future, there is no need for fear to set in. As renowned financial analyst, Morgan Housel, \u003Ca href=\"https:\u002F\u002Fmobile.twitter.com\u002Fmorganhousel\u002Fstatus\u002F1100084994809180161\">recently tweeted\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.”\u003C\u002Fem>\u003C\u002Fblockquote>",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2019-03-07T10:00:10Z","2019-03-04T17:44:13Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},1296,"2-reports-that-say-now-is-a-great-time-to-sell","2 Reports That Say Now Is a Great Time to Sell","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F03\u002F05102432\u002F20190306-Share-KCM.jpg","2019-03-06T10:00:14Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},1298,"preparing-to-spring-forward-infographic","Preparing to Spring Forward [INFOGRAPHIC] ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F03\u002F15131947\u002F20190308-Share-KCM1.jpg","2019-03-08T11:00:45Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[55,59,60,61,65,69,73,74,78,82,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":70,"name":71,"slug":72},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":79,"name":80,"slug":81},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]