{"id":15959,"date":"2019-08-30T12:36:09","date_gmt":"2019-08-30T12:36:09","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15959"},"modified":"2019-08-30T12:36:10","modified_gmt":"2019-08-30T12:36:10","slug":"home-recession-possibility","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/home-recession-possibility\/","title":{"rendered":"Home Recession Possibility"},"content":{"rendered":"

Home Recession Possibility<\/h2>\n
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Home Recession Possibility<\/p><\/div>\n

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More than half of potential home shoppers say they\u2019ll put their home search on hold if another economic downturn strikes, according to a newly released survey from realtor.com\u00ae. Although buyers are optimistic that it will be more mild than the Great Recession in 2008, they still say it would make them\u00a0more hesitant in the housing market.<\/p>\n

More than 36% of the 755 active buyers surveyed this month by Toluna Research, on behalf of realtor.com\u00ae, said they expect the next recession to occur sometime in 2020. Seventeen percent expect a recession to still occur this year, 14% expect one in 2021, and 7% by 2022.<\/p>\n

When a recession does occur, nearly 56% of survey respondents said they would delay their home search until the economy improved.<\/p>\n

\u201cEconomic activity is cyclical, so yes, undoubtedly we will face another recession at some point in the future, but we do not expect it to be anything like 2008,\u201d\u00a0says George Ratiu, senior economist at realtor.com\u00ae. \u201cThe next recession will likely be driven by factors outside of housing, such as a prolonged trade war, cutbacks in corporate spending or contagion from a European recession. Unlike 2008, mortgage underwriting has been more disciplined and regulated, which should provide a more secure foundation for housing during the economic ups and downs.\u201d<\/p>\n

Indeed, home buyers do believe any future economic downturn this time around will be less severe than the last. About one-third of buyers (35%) said they would be concerned that a future recession would be worse than 2008.<\/p>\n

\u201cWhen warned about an incoming storm, Americans know to prepare by stocking up on necessities and reinforcing their shelter,\u201d Ratiu says. \u201cSimilarly, given the cyclical nature of economic activity, consumers can and should prepare for the next downturn now. Taking steps to shore up their financial well-being, strengthening their professional networks, and having adequate savings would provide cushioning during the slowdown.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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realtor.com\u00ae<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Home Recession Possibility More than half of potential home shoppers say they\u2019ll put their home search on hold if another economic downturn strikes, according to a newly released survey from realtor.com\u00ae. Although buyers are optimistic that it will be more mild than the Great Recession in 2008, they still say it would make them\u00a0more hesitant … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-15959","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHome Recession Possibility - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Home Recession Possibility\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/home-recession-possibility\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Recession Possibility\",\"datePublished\":\"2019-08-30T12:36:09+00:00\",\"dateModified\":\"2019-08-30T12:36:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/\"},\"wordCount\":324,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/08302019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-recession-possibility\\\/\",\"name\":\"Home Recession Possibility - 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