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Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Demand for Real Estate is pretty solid...The job market is going into hyper-speed and China is going to lose tons of corporations, businesses etc. which will all come back to USA... We are in an artificial recession now and will dispense with it shortly. Why? Pent-up demand! People want to go out and spend and have what that spending gives them. 

Apr 17, 2020 12:27 PM
Rainmaker
1,230,083
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The recession we're in, was predicted 2 years ago.

We are in one and have been in phases:

Quietly since Q4 2019 and

Loudly since March 2020.

It's a "great time" to be in one, it's hardly noticed underneath all the pandemic affect. And we have financial relief being offered that never gets offered typically in a recession. But, we'll ascend out of it in phases with real estate leading the charge later this year through next year. The industry you are in and state/county will dictate when you feel the bounce back.

Apr 17, 2020 02:03 PM
Rainer
116,718
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

I don't know anyone that would be looking forward to a recessionary market.  But I think everyone will roll with it the best they can.

Apr 17, 2020 12:53 PM
Rainmaker
849,162
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

It Happens.

Apr 17, 2020 12:51 PM
Ambassador
3,313,113
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Even before this virus, it was predicted to happen.  What's to think about?  

Apr 17, 2020 12:24 PM
Rainmaker
3,331,511
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here is the factors. Banks still giving mortgages and more buyers than sellers. As long as those 2 things keep happening, no recession in housing. Stop lending and look out. 

Apr 18, 2020 05:51 AM
Ambassador
3,039,080
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I think we might have some temporary pandemic pricing, but no housing crisis.  I do however expect inflation and jumping rates in the next 3 years.

Apr 17, 2020 09:47 PM
Rainer
154,711
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ

Well, first we have to have a recession. Each recession has its own unique characteristics to which people adapt, improvise, and overcome. When the next recession comes, I’m confident we’ll also adapt, improvise, and overcome.

Apr 17, 2020 08:02 PM
Ambassador
3,055,949
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Whatever will be will be. 

I'm ready.

Apr 17, 2020 04:12 PM
Rainmaker
2,079,492
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Not the first recession and there is always, always a real estate market. Bargains for those who saved anticipating them. Hardships for those who did not and live too large. Best time to get into the business is not an easy market... but the ones with a steep incline. You never forget lessons learned and live prepared for one around any corner. Adjust your "sales" to harness the wind in any real estate market if you want to stay in this profession.

Apr 17, 2020 03:07 PM
Rainmaker
1,385,224
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

I thnk it will rebound quickly and we'll be find by next year.

Apr 17, 2020 02:35 PM
Rainer
272,375
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I believe it's unavoidable, but will be short.

Apr 17, 2020 01:59 PM
Rainmaker
1,722,955
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Nope, don't believe it's going to happen. Every season we go thru this & it gets mentioned. I don't believe it's coming but after the pandemic, who knows how things will turn out. 

Apr 17, 2020 01:11 PM
Rainmaker
645,428
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

The key to the future of the economy is based upon two major issues.  The first is when we will be able to open businesses and the second is whether there is a second wave this coming fall.  I believe that if we are able to open businesses starting in May and being back to normal business by June first and there is no second wave of Covid-19 the recession will be short lived.  If this doesn't occur this may end up doing the most damage since the great depression.

Apr 17, 2020 11:49 AM
Rainmaker
991,135
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Markets change all the time and we are used to that

Apr 18, 2020 08:17 AM
Ambassador
2,605,316
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

What goes around, eventually comes around. Adapting and adjusting is the course!

Apr 18, 2020 08:04 AM
Rainmaker
522,641
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Capitalism has a boom period every 10 to 15 years and a recession every 10 to 15 years. The first recession was during the presidency of George Washington and credit dried up and farmers lost their farms. It has been thay way ever since. History is like a boken record, it just keeps repeating itself over and over. We are due for a recession so hold on and get ready.

Apr 18, 2020 05:41 AM
Ambassador
5,408,329
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

We need to adapt to the market of the moment.

Apr 17, 2020 07:01 PM
Rainmaker
821,932
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Real estate is cyclical without pandemics; it will survive.

Apr 17, 2020 05:00 PM
Rainmaker
542,809
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I don't think about it, what do you think of the bounce back being quicker than some of the talking heads say?

Apr 17, 2020 12:32 PM
Rainmaker
535,236
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Hawaii being a tourist base ecomony will take longer to recover. Saying that a lot of people will still want to buy homes for a change in lifestyle. We will see with the condo market, I am hoping to see reservations picking up again. I have a B&B on my property that has been solid up till the virus hit. Now that market is dead.

Apr 20, 2020 04:27 AM
Ambassador
4,257,363
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I believe it will be brief as this is an artificial recesssion - nothing like the last one.

Our business is all about supply (of which we have very little) and demand, which is currently pent up and briefly paused.

Apr 18, 2020 10:46 PM
Rainer
2,785
Corrie Sommers
Compass - Toluca Lake, CA
Luxury Homes

I know there is not much we can do; but we can send the message out that this recession does not equal a housing crisis.  It does not mean the sky is falling and that you can get a million dollar house for $400,000.

Apr 20, 2020 08:26 AM
Rainmaker
382,761
Sharon Miller
RE/MAX Platinum - Crane Hill, AL

Recessions come and go.......it's part of life! A recession's magnitude and life cycle are dependent on a society's reaction or inaction! If people "hole up" and try and "wait it out", a recession will continue to linger. The best defense to curtail the length and severity of a recession, plan ahead as to how you will conduct your business, both personal and professional.

"The cost of victory is high....but so are the rewards"  

Coach Paul W. "Bear" Bryant

Oct 28, 2021 07:20 AM
Rainer
1,100
Leisa Crawford
Boston National Title Agency - Albany, NY
Boston National Title is a national title company.

I believe we are going to have a slow start but a great come back. 

Apr 20, 2020 05:53 AM
Rainmaker
1,153,675
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Over 3 M will take longer. Low 1M is often into contract first week. 1.5-19M is taking longer often has 1 or 2 offers. If Tim Cook lays off all his employees. We still got FaceBook, Google, Linkedin, Microsoft, DucuSign, Zoom, Intel, Cisco, AMD, Netflex, Adobe, Trulia,Lockheed,Tweeter, Amazon. Getting canned work at Tesla making X trucks. 

Apr 19, 2020 09:18 AM