Why There Won’t Be a Recession That Tanks the Housing Market
The red bar reveals that right after the financial situation in 2008, when the housing market crashed, the joblessness rate was up to 8.3%. Both of those numbers are a lot larger than the joblessness rate this January( shown in blue). Looking in advance, forecasts show the joblessness rate will likely stay below the 75-year average.
One factor why is the existing unemployment price. The red bar shows that right after the financial situation in 2008, when the real estate market crashed, the unemployment rate was up to 8.3%. Both of those numbers are much bigger than the unemployment price this January( revealed in blue). Looking in advance, estimates show the unemployment rate will likely remain below the 75-year average. They also don’t anticipate a large dive in the joblessness price.