Monroe Washington Real Estate

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Buying A House With Bad Credit - Kevin Hunt Some people are under the mistaken impression that you must have good (or even great) credit in order to buy a house. That’s truly not the case...

Are you waiting for house prices to drop during the next recession?

Why you could have a very a long wait.....


The last recession was caused in part by a downturn in the housing market

The housing market could provide a cushion to the national economy in the next recession, economists say.
It’s unclear when the next recession will come. But a recent report argues that when it does the U.S. housing market is unlikely to adversely affected in any major way.

Researchers at First American Financial Services FAF, +0.08%, a title insurance company, examined how the country’s housing market has fared historically during recessionary periods. Based on what’s happened in past recessions, the report argues that the next recession is unlikely to prompt a major downturn in housing.

“While the housing crisis is still fresh on the minds of many, and was the catalyst of the Great Recession, the U.S. housing market has weathered all other recessions since 1980,” wrote Odeta Kushi, deputy chief economist at First American and the report’s author. “In fact, the housing market may actually aid the economy in recovering from the next recession — a role it has traditionally played in previous economic recoveries.”