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How does the recession affect the housing market?
A recession can significantly impact the housing market, as demand for both purchasing and renting homes typically decreases during an economic downturn. This can lead to lower prices, vacancies in the market, and an increase in foreclosures. However, each situation is unique, so it’s difficult to predict precisely how a recession will affect the housing market in any given instance. Nevertheless, understanding how recession usually affects the market can give you a better idea of what to expect and help you make decisions accordingly.
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