How Long Can This Economic Recovery Last?
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?
The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and the end of 2020. The most recent survey showed that percentage to 34.2%. Here are the most current results:Like the economists surveyed by the WSJ, most experts are still predicting a recession will likely occur sometime in the next few years. However, many are pushing back the date for the economic slowdown.
Real estate is impacted by the economy (and the consumer’s belief in the strength of the economy). The fact that most economic experts are calling for the recovery to continue through 2020 means the housing market will also remain strong for the foreseeable future.
Blog Archive2020-02-18 20:43:49
The #1 Reason to List Your House Right Now!
How the Housing Market Benefits with Uncertainty in the World
How Trusted Professionals Make Homebuying Easier to Understand
Homeownership Rate on the Rise to a 6-Year High
How Pricing Your Home Right Makes a Big Difference
Great News for Renters Who Want to Buy a Home
Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey
Should I Sell My House This Year?
The New Spring Real Estate Market is Here. Are You Ready
Buying a Home Early Can Significantly Increase Future Wealth
3 Benefits to Buying Your Dream Home This Year
Top Renovations for Maximum ROI
The 2020 Real Estate Projections That May Surprise You
Expert Insights on the 2020 Housing Market
2020 Forecast Shows Continued Home Price Appreciation
5,300 Reasons to Be Happy You’re a Homeowner
The Biggest Issue Facing Housing Next Year
Get Your House Ready To Sell This Winter
Holiday Gifts Are Not the Only Hot Things Right Now
Have You Outgrown Your Home?
A 365 Day Difference in Homeownership
Millennials Are on the Move as First-Time Homebuyers
5 Reasons to Sell This Winter
Tips to Sell Your Home Faster
7 Reasons to List Your House This Holiday Season
Click here to see ALL articles.