Will the impending Recession Create a Housing Crisis?

Recently, there’s been a lot of news surrounding an impending recession. However, the U.S. economy has performed well in the first half of 2019 and that has caused some experts to change their thinking on an impending economic slowdown and housing crisis.

Here are a few notable examples:

Anthony Chan, Chief Economist at JPMorgan Chase

“I feel really comfortable that the economy is slowing down this year, but not going into a recession… It doesn’t look, to me, like the odds of a recession in 2020 are there.”

Dean Baker, Senior Economist at the Center for Economic & Policy Research

“To sum up the general picture, the U.S. economy is definitely weakening… However, with wages growing at a respectable pace, and job growth remaining healthy, we should see enough consumption demand to keep the economy moving forward. That means slower growth, but no recession.”

Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley

“I’m not convinced a recession is coming soon… I see an improving housing market (low rates help), a rebound in bank lending, a tight labor market, higher oil prices and well-behaved credit markets. All these point to a stable U.S. economic outlook.”

Bottom Line

The same experts predicting an economic slowdown also believe it will not be caused by the housing market.

If you’re thinking of buying or selling a home in Vero Beach, there’s no need to panic- let’s get together to address your concerns and talk about what’s really happening. Just fill in the form below and and I will get in touch with you to review your needs.