economic contraction

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Realtor.com: Recession won’t create “fire sale” for housing

Aug 26, 2019By

Nearly 40% of economic experts believe a recession will begin in 2020, while 25% anticipate one starting in 2021, according to Realtor.com. But, “don’t panic,” the website advises. “This is going to be a much shorter recession than the last one,” said George Ratiu, Realtor.com’s senior economist. “I don’t think the next recession will be a repeat of 2008.”