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2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

I don't pay attention to the MSM and other "Experts".  Life is good and getting better. 

Mar 11, 2020 09:07 PM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I just don't see it happening, Tony. The powers that be will come to their senses!

And, we know there will be a reversal by summer because everyone knows that bugs don't grow as well in warm weather as during the cold winter months! {{total sarcasm}}

 

Mar 11, 2020 10:51 PM
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3,125,842
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

The real estate industry is cyclical and it could happen now, a year, 2 years, 5 years or 10 years down the road...I am not a 'The Sky is Falling' type Tony.

Mar 11, 2020 06:37 PM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have not read your post Tony but I do think we, individually, can avoid recession. Regions may avoid a recession as well. When the nation was in the toilet over the sub-prime bust North Dakota was booming with a multibillion dollar budget surplus.

Mar 11, 2020 06:32 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I'm not going to read it. It is your opinion.

Mar 12, 2020 05:47 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Maybe not, but there's no sign of one coming this year. Per Buffini & Company,  NAR and  Wall Street! Supply & Demand combined with high consumer confidence and record low unemployment, we're loving it!

Mar 11, 2020 06:48 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

All things are cyclical.  Depending on who is setting policy and their experience, ability to negotiate and their love for this country, it could be a large recession or even a depression or a more moderate one.

 

There are a lot of things that could start off a recession, a failure to protect our economy and businesses form the effects of the virus are one.  The impending collapse of the EU is another, if not handled right.

Mar 11, 2020 06:22 PM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I cannot control the economy, but I can adjust to keep better control over mine!

Mar 12, 2020 04:34 AM
Rainmaker
1,390,113
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

There are pundits who are predicting everything from global decimation to complete recovery and everything in between. One can always find a pundit to agree with what one expects.

Mar 12, 2020 03:23 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Are chances better now than they were earlier this year? Perhaps more likely given what's happening currently. But I am not an expert on this topic. What does that mean for housing? Hard to say.

Mar 11, 2020 10:25 PM
Rainer
417,221
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I agree Tony 

Mar 11, 2020 07:21 PM
Rainmaker
7,836,164
Roy Kelley
Retired - Gaithersburg, MD

Be prepared.

Mar 11, 2020 05:14 PM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I agree, the question is the severity. 

Mar 12, 2020 05:54 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, and it will be far-reaching. 

Mar 13, 2020 07:43 AM
Rainmaker
556,536
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Three years ago i would have said probably. Now it is very likely.

Mar 13, 2020 04:35 AM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I expect some businesses will suffer a recession or worse.

Mar 12, 2020 03:47 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It could be a wild ride. 

Mar 12, 2020 10:33 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There forces so powerful at work constantly that come and go regardless of me and there are counter-forces that keep it all in check regardless of me. It is interesting to note change comes non-stop and those that prepare to change remain & adapt. Those that don't recess. The flow is meant to go with

Mar 12, 2020 07:40 AM