A new report by CoreLogic, a leading property information and data provider, takes a deep dive into the evolution of the U.S. housing market during the nation’s longest economic expansion and touches on a burning question: Is a recession looming?
The U.S. economy has been growing for 121 consecutive months, the longest run in the nation’s history. The report examines the housing economy and looks at the growth of gross domestic product (GDP), unemployment rates and housing activity from June 2009 through July 2019. With housing comprising about 15% of GDP since 2010, the real estate market is an important indicator of economic health. Here are some key takeaways from the report.