Found 3 blog entries tagged as Recession.

Most news, is unsettling regarding an impending recession, however, a recession does not always equal a housing crisis. Major housing market indicators have shown some volatility as we are seeing signs of inventory rising combined with interest rate hikes; begging the question is this a correction and not a crisis? My NC Homes explores why a recession does not necessarily equal a housing crisis.

History of Housing Market and Recession

We are in a different supply and demand period. In the past five recessions, home prices typically remain stable. During the Dot-Com recession in 2001, prices grew 6.6 percent. During the 1980 and 1981 recession, prices grew by 6.1 percent and 3.5 percent, and the dips in prices were relatively small, being 1.9…

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The past two years have presented a number of unpredictable conditions for the housing market, confounding experts, and novice housing observers. What do you get when you add global supply shortages, labor shortages, a rapid shift in buyer preferences, to a housing market in short supply? Moreover, what also should we expect with regard to inflation and mortgage rates? Is the recent surge in demand and pricing indicative of a boom or are we in for a big bust? Should I buy or sell right now or wait this out? In this Blog, we are going to take a look at the past to give insight to the current housing market. Be sure to check out the link below to last weeks Blog to see what we believe the future holds for home prices here in the Triangle

What are…

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Everybody Calm Down! This is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  • 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  • 57% believe the next recession will be as bad or worse than 2008.
  • 55% said they would cancel plans to move if a recession occurred.

Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word recession.

Ali Wolf, Director of Economic Research at the real…

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