You've seen the reports and heard the projections. Economists are preparing for a recession in 2020. So how will the real estate industry prepare for 2019? Will there be a market fall out like 2008?

The projections are mixed. The good news is that the real estate market is not set to be as hard as it was the 2000s. Nor is the market set to take the blame. RisMedia’s latest article reports that the indications point to low inventory rather than prices bottoming out. However, across all projections, purchases will slow, real estate included.

So how will the real estate industry prepare for 2020? Understanding how to address clients' fears and needs in the recession is key. Commentary from veterans who stayed afloat in the 2000s will be something to watch. Building financial cushions and reliable lead nurturing systems appears to be key.

Do you think a 2020 recession is on the way? What are some other ways you are preparing your business in 2019?