Posted on Mar 16, 2020

Simon Watson , Realtor, Walnut Creek

Should You Buy a Home If a Recession Is Imminent?

Mar 16, 2020 – Sep 3, 2020
Between the coronavirus pandemic and a plummeting stock market, many may wonder: Are we headed for a recession? Anyone hoping to buy a home anytime soon would probably like to know the answer before committing to a major, long-term purchase.

While economists say that the odds of a recession are uncertain, evidence does suggest that, at the very least, economic growth is substantially slowing, says George Ratiu, senior economist for realtor.com®.

The International Monetary Fund downgraded its global economic growth predictions, oil market battles and COVID-19 fears are roiling the stock market, and trade wars with China, European countries, and others are still possible.
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