I think it's more likely that an economic slowdown will pop housing prices than the other way around.
But I could be wrong. :^)
""I think it's more likely that an economic slowdown will pop housing prices than the other way around.
But I could be wrong. :^)""
youre actually 100% correct....there has never been a housing price decrease in the USA without a recession preceeding it.
In So Cal in the early 1990s, prices peaked in 1990-91, but the recession began in 1990.
A recession will pop the bubble, the popping bubble will reinforce the recession.
Bubbles dont pop on their own, they need some outside variable to do it