Hi Prospects & Friends!
Real estate always gets affected when recessions occur, because recessions affect interest rates, jobs, credit, and overall the economy in general. Knowing how to prepare for recessions go hand in hand against the real estate itself. Meaning know before you decide to engage with a real estate activity, how far on the recession scale will it get affected. Looking at the economy as of now, I think it's cloudy and I agree with majority of the economists we're heading towards a rolling recession. Whether you're a
- Buyer
- Seller
- Landlord
- Tenant
- Property Manager
- Appraiser
- Loan Officer
- Inspector
- Developer
- Builder
- Escrow Agent
- Consumer
- Company
staying alert on how recessions affect the real the estate industry will keep you within means of what you can tolerate against your real estate decisions, when time comes for you to make them. Interest rates and credit play major key factors in how recessions affect against the real estate, and knowing how to apply these key factors against your real estate decisions is key in surviving recessions affecting the real estate. So continue to stay alert on the general economy itself, and you should be ok.
