Many people still are not aware that, after ten years of rebounding from the great recession (2007-2008), real estate has been noticeably dropping since October 2018. Long before the effects of COVID-19 started tearing the World’s economies apart, recession was predicted for the 2nd quarter of 2019, which was over a year ago. There was … Read more The Housing Market in 2020: Why Selling is Difficult and Getting Worse
A recession is a period of economic reduction, where businesses see less demand and begin to lose money. To cut costs and stem losses, companies begin laying off workers, generating high unemployment levels. Attempts of preventing the spread of the COVID-19 pandemic may have been fairly successful so far; however, the economic standstill and the … Read more Are We Already in a Recession?