Kasama Lee reviews
kasama@kasamasells.com
707-567-1049            CalBRE #01408667
How Long Can This Economic Recovery Last?

How Long Can This Economic Recovery Last?

How Long Can This Economic Recovery Last?

 

The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?

The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and the end of 2020. The most recent survey showed that percentage drop to 34.2%. Here are the most current results:

Like the economists surveyed by the WSJ, most experts are still predicting a recession will likely occur sometime in the next few years. However, many are pushing back the date for the economic slowdown.

Bottom Line

Real estate is impacted by the economy (and the consumer’s belief in the strength of the economy). The fact that most economic experts are calling for the recovery to continue through 2020 means the housing market will also remain strong for the foreseeable future.

SOURCE: Keeping Current Matters

I take pride in building my business through referrals and trust. Looking for a local expert to help you navigate in the current real estate market with results? My team and I can help you through the buying and selling process, do call me at 707-567-1049.

With gratitude,

Kasama Lee is a top-producing Realtor® and a community contributor specializing in the Napa and Solano Counties. Kasama and her husband, Barton, are raising their two boys in American Canyon and have been residents since 2002. They’re proud to contribute and give back as residents of this warm, friendly and supportive community.

CalBRE #01408667

Leave a Reply

Close Menu