{"id":2159,"date":"2019-03-07T05:00:10","date_gmt":"2019-03-07T11:00:10","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/why-an-economic-slowdown-will-not-crush-real-estate-this-time\/"},"modified":"2020-07-06T21:06:28","modified_gmt":"2020-07-07T02:06:28","slug":"why-an-economic-slowdown-will-not-crush-real-estate-this-time","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/why-an-economic-slowdown-will-not-crush-real-estate-this-time\/","title":{"rendered":"Why an Economic Slowdown Will NOT Crush Real Estate this Time"},"content":{"rendered":"

\"Why<\/p>\n

Last week, the National Association for Business Economics<\/em> released their February 2019 Economic Policy Survey<\/em><\/a>. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:<\/p>\n

\n

\u201cWhile only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.\u201d<\/em><\/p>\n<\/blockquote>\n

<\/span><\/p>\n

Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:<\/p>\n

    \n
  1. The Pulsenomics Survey of Market Analysts<\/em><\/a><\/li>\n
  2. The Wall Street Journal Survey of Economists<\/em><\/a><\/li>\n
  3. The Duke University Survey of American CFOs<\/em><\/li>\n<\/ol>\n

    That raises the question: Will the real estate market be impacted like it was during the last recession?<\/p>\n

    A recession does not equal a housing crisis<\/strong>. According to the dictionary definition, a recession is:<\/p>\n

    \n

    \u201cA period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.\u201d<\/em><\/p>\n<\/blockquote>\n

    During the last recession, prices fell dramatically because the housing collapse caused the recession<\/em>. However, if we look at the previous four recessions, we can see that home values weren\u2019t negatively impacted:<\/p>\n