Jump to content

IMF confirms global recession


opihiman2

Recommended Posts

Figured this might be good for a new topic, but it relates to the U.S. housing thread.  IMF just confirmed global recession.  So, the data I've seen usually shows that if the U.S. is in a recession and the globe is ok, the recession is typically short and shallow.  However, if the globe is also in a recession, then typically the recession is going to be LONG and DEEP.  I feel like 3rd quarter recovery estimates are optimistic at this point.  If we see a prolonged recession, housing is going to take a deep dive by end of the year.  By next year, I wouldn't be surprised to see housing go down by up to 30% given housing prices are about 30% above their inflation adjusted growth rates in the U.S.  It's pretty much back to 06/07 levels.

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...