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Updated almost 7 years ago on . Most recent reply

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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Will there be another recession?

Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorPosted

Are we going to have a recession this year?  Historically, every time we see low unemployment it is followed by a recession

Now we hit a 17 year low for unemployment rate, so what does that mean?

So will it happen?  What will be most effected?  Is it going to be another housing crisis?  or will it hit stocks?  manufacturing? 

I don't know the answers, but would like to learn what others think is going to happen, if it does.  

#BPDebate

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Second City Real Estate
5.0 stars
20 Reviews

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

100% chance we hit a recession at some point, but who know when that will be. We are currently in the 2nd longest bull market ever....however it would need to run almost 5 more years to be the longest ever. 

Prices will soften when we hit a recession, but nothing like we saw a decade ago. I believe that was a once in a lifetime event.

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District Invest Group
5.0 stars
44 Reviews

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