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 drop 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.
Author:RE/MAX Elite Dated: November 26th 2019 Views: 69 About RE/MAX: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate company with over 100 of the best Realtors in town that are committed to their Clients and work extremely hard to achieve the results they deserve. 5 Office Locations throughout Brevard to service all of your needs. #1 COMPANY IN BREVARD COUNTY FOR CLOSED SALES VOLUME SINCE 2015. #1 RE/MAX in Brevard County since 2009!