If you need assistance, please call 480-845-0048

Are We Headed for Another Great Recession?

Friday, May 15, 2020   /   by Vyral Marketing

Are We Headed for Another Great Recession?

Here are my thoughts on how our current recession relates to 2008.

Want to Buy a Home? Search All Homes
Want to Sell a Home? Receive a Home Value Report

What would it take for us to have prices go down during this recession like they did in the Great Recession of 2008? During the Great Recession, lending essentially stopped and out-of-work homeowners were simply out of luck.

During this recession, however, the government has allowed mortgage forbearance, thereby allowing people to stay in their homes. The government has also lowered interest rates and foreclosures in Arizona are near all-time lows.

  market updates