Here's What a Recession Could Do to the Housing Market
The U.S. economy has experienced its share of prolonged economic downturns. In fact, many of us might remember the Great Recession, which lasted from 2007 to 2009.
During that time, unemployment levels soared while home values bottomed out. And so back then, it was a tough time to be a homeowner and real estate investor.
Meanwhile, right now, the housing market is sizzling hot. Home prices are still sitting near record highs, and buyer demand is soaring.
Source Fool.com