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The One Thing Every Homeowner Needs to Know About a Recession

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

The National Bureau of Economic Research defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

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Chad Noble -Mortgage Lender
NMLS 488846

Planet Home Lending
Company NMLS 17022

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Chad Noble - Your Summit County Mortgage Lender
409 E Main St
Frisco, CO 80443
(970) 390-4084