Word on the street is that a recession may be on its way. Flashbacks to the 2008 recession would scare anyone with a stake in the housing game, but a Redfin expert says that the next recession will look different than when the bubble burst over a decade ago.
Amid global tension, trade wars and general economic uncertainty, many people are wondering if and when a recession will hit, and how it could affect the U.S. housing market. Redfin agent Jessie Culbert Boucher sat down with Redfin chief economist Daryl Fairweather to ask questions about what’s going on in the U.S. economy, if there’s going to be a recession and how to prepare for one.
What’s happening in the economy right now that’s fueling talk of a recession?
Despite high employment numbers and strong consumer spending, the economy is relatively fragile right now. This fragility is due to global tension, trade wars and a contracting manufacturing sector.
