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It looks like we are entering another time much like the Reagan era "rolling recessions" of the mid-80s. Some regions of the country will expand economically, while others contract.

The coasts look weakest, due to adjustment of real estate values following the recent boom in prices. The South looks pretty good, money is chasing toward the cheaper real estate found is those areas. The Central/West is doing pretty well as a result of fairly valued real estate and the energy boom.

Oil prices will not decline enough to stop the energy expansion, OPEC is already lowering production.

Since most big media is on the coasts, the situation will be painted as dire, even though this is a continuation of a cycle that has been taking place for several decades.

If the prediction of 1.9% growth is correct (which I doubt, 2.5% is more likely), lower interest rates are coming, which will help real estate even more in the Central/West/South.

Sorry to carry on for so long, but it's my business to predict these matters, and I would be out of business by now if I had been wrong too often over the last 25 years. Time will tell, as always, and I only have to be reasonably close to survive, since mid-course adjustments can be made.