Here’s what Flagstaff homeowners need to know about a potential recession.
Are we due for a housing recession? This is a topic that’s been on my mind a lot recently since the conventional wisdom says yes, a housing pullback is likely given current economic circumstances. The truth is that just like the economy, the housing market moves in cycles. We’ve been on a historic upswing for an extended period of time, so it only makes sense that a correction would come eventually. However, this still leaves us with a lot of questions. How bad will things get? What can you do to mitigate the impact of a potential correction? Today, I’ll answer these questions and more.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:34 — Our area is resilient to corrections
1:02 — The economic cycle
2:17 — Indicators of a pullback
4:02 — Could a recession be coming?
4:34 — What can you do?
5:13 — Our solutions
5:28 — Wrapping things up
Call or email me with any questions about this topic. I’d love to help you navigate this housing market.