Just when we thought the recession was over, they are forecasting a recession

July 3, 2019 / Chuck Lech

Real Estate in our valleys has experienced its own recession.  Over the past year, the number of sales have been markedly lower even though prices kept stable to nominally increasing.

Now it looks like we are coming out of it.  When I look back at the statistics in the early part of the year, we were experiencing double digit declines (11%) in sales.  I suggest an 11% decline in sales qualifies as a real estate recession