Mention the word recession and people frantically run. Unfortunately, recession is a natural part of the economic cycle. It is inevitable. The FOMC's attempt to eliminate a recession is like environmentalists attempt to stop natural disasters.
What defines a recession? Textbook definition would define recession as a two consecutive, negative growth quarters. Although the overall economy has not succumbed, there are many industries that have been in recession for several quarters.
Let's get to the real facts and move forward. All aspects of the real estate industry have been in recession and some woould even say depression. Now that you understand that...what are you going to do about it?
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