Great Recession Archives

Is a Recession Here? Yes. Housing Crash? No.

By Prestige Waterfront Realty Posted in Economy On Jun 10, 2020

The National Bureau of Economic Research (NBER) announced on Monday that the United States economy is in a recession. A recession is defined as: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of […]

Unemployment: There’s Light At The End Of The Tunnel

By Prestige Waterfront Realty Posted in Economy On May 07, 2020

Tomorrow the U.S. Bureau of Labor Statistics will be releasing the unemployment rate for April 2020. It is expected to hit a peak and will be a true representation of the number of families affected by the pandemic. The number of unemployed is expected to be shocking. Media will be splattered with doomsday predictions and […]

Recession? Yes. Housing Crash? No.

By Prestige Waterfront Realty Posted in Economy On Apr 26, 2020

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession. That is – if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession […]

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