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The Great Recession and the Real Estate Sector
Posted by Franchise Grade Team August 1, 2016
It’s been almost a decade since the worst economic crisis in modern American history took place. The period between late 2007 and the summer of 2009, known as the Great Recession introduced severe economic conditions in the United States including high unemployment, declining real estate prices, high mortgage foreclosures and tight credit markets. Now, as economic conditions have improved and there has been a return to economic normalcy, there remains economic uncertainty remains in the minds of some people. This translates to some apprehension on the part of potential home buyers.
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