Recession is a scary word but context is everything. The “flatten the curve” mentality temporarily closed many businesses, naturally leading to a period of decreased economic activity.
What happens when economic activity declines for an extended period of time? A recession, at least according to the technical definition.
But as businesses pick back up, economic activity does too. This slide shows that despite the uncertainty of the past couple of months, 91% of economists thank that the economic recovery has already begun, or will as soon as the 3rd quarter of this year.
What does this mean for your plans?
Let’s put the local numbers in context for your home or next move.
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