Why There Won’t Be a Recession That Tanks the Housing Market
The red bar programs that right after the economic dilemma in 2008, when the real estate market collapsed, the unemployment rate was up to 8.3%. Both of those numbers are a lot bigger than the unemployment price this January( revealed in blue). Looking ahead, projections show the joblessness rate will likely remain below the 75-year average.
One reason why is the existing unemployment rate. The red bar shows that right after the monetary situation in 2008, when the real estate market collapsed, the unemployment rate was up to 8.3%. Both of those numbers are a lot bigger than the joblessness price this January( revealed in blue). Looking in advance, projections reveal the unemployment price will likely stay listed below the 75-year standard. They also do not expect a large dive in the unemployment price.
