Yes we are in a partial Recession ...

By
Industry Observer

Yes we are in a partial Recession ...

 

Believe what you want but we have come into yet another recession, now how long this recession will last depends on many different things. 

How long it will take to contain the Corona Virus Nation & World Wide.

How long before many people will be able to go back to work.

How long before the stock market rises back to normal.

Etc-etc-etc.

 

Here is a post I wrote back May 20th 2019

 

With a Crystal Ball can we predict another crash in the Real Estate Market?


With a Crystal Ball can we predict another crash in the Real Estate Market?

With the ups and downs of the Stock Market and a Presidential Election coming up in November 2020 could another crash in the market be coming?
I have many past clients asking if they should sell or hang on and ride the storm out? And if there is a storm around the corner how long will it last?
These are very difficult questions for brokers and agents to deal with, and without a crystal ball be very careful about what your telling past clients, ones your dealing with now and possible future clients. You could really get yourself in trouble.
Here is my intuition on the real estate market around the corner …
Depending on what state and city you live in there seems to be a little slowing down at this time. The stock market is doing some very strange things and this is nothing new. 

My thoughts I do believe the rest of 2019 will be slow.
My thoughts I believe there will be a little hike in the market in spring of 2020 and the rest of the 2020 will drop some.
My thoughts are if a Democrat is elected for president in 2020 that the real estate may crash again. 

Please take note:  These are only my opinions and if the market does crash please don't think I didn't mention this


 

 

Posted by

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

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Robert (Vegas Bob) Swetz

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Robert Vegas Bob Swetz
Las Vegas, NV

I wrote this post almost 1 year ago today & find it to be quite interesting & "YES" we are in a Recession ...

Apr 06, 2020 09:26 AM #1
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Robert Vegas Bob Swetz - these are trying times but we with get through them.

Apr 06, 2020 02:09 PM #2
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Some real estate cycles can be more easily predicted than others.  I think this current one was a little more difficult, although I had concerns for the market being a little over-sold.  But, who amongst us, on the first day of 2020 could have predicted these days we dwell in right now.  I certainly knoew of no global pandemic where a pandolin would become suspect.

Apr 07, 2020 02:07 PM #3
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Peter Mohylsky. The Santa Rosa Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

Yes, today we are in a recession.  My crystal ball is cloudy at this time, Timing is everything.  there are certain givens we need to assume.  

People will always need a home to live in,  

Apr 09, 2020 09:46 AM #4
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