The national trend, 3 metropolitan areas with a population greater than 1 million that had at least 500 foreclosure starts in 2021, saw an annual increase. They included Birmingham, Alabama - up 4%;
What are the chances of a recession in 2020?
Dated: September 6 2019
In the past 23 years, there have been two national recessions – the dot-com crash in 2001 and the Great Debacle or recession (interest-only loans were offered to subprime borrowers. These high-risk people are most likely to default on a loan. The banks offered them low interest rates. But this “too-good-to-be-true” loan type resets to a much higher rate after a certain period. Home prices fell at the same time interest rates reset. Their defaults caused the subprime mortgage crisis) in 2008!
No one can accurately predict when the next recession will occur, but expecting one could possibly take place in the next 18-24 months is understandable. It is, however, important to realize that the impact of a recession on the housing market will in no way resemble 2008.
You can watch below about the TRUTH of our next recession!
Ray Dalio told Bloomberg he sees a 25% chance of economic recession in the rest of the year and through 2020, and that central banks can only do so much to avert it.
Dalio — who founded Bridgewater Associates, the world's largest hedge fund — listed four separate factors that he believes will affect the severity of the next economic downturn.
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