It won’t be a repeat of 2008, but housing markets in some parts of the country are at more risk than others
Whether it happens this year, next year, or in 10 years, another recession is inevitable. Regardless of when it comes, it’s unlikely to have a large negative impact on the real estate market. However, there are some metro areas that are more at risk of a housing downturn than others. Riverside, Phoenix and Miami have the highest risk of a housing downturn in the next recession, while Rochester, Buffalo and Hartford have the lowest risk.
With the Great Recession still fresh in Americans’ memories, the idea of a housing crash is psychologically linked with an economic recession for many people today. But historically that usually hasn’t been the case...
RSK: I am sure Madison is included in the Milwaukee data which helps bring it to a high rank on this list.
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- - Volume: 7 - WEEK: 38 Date: 9/17/2019 7:15:15 AM -