Will there be a Recession at the end of 2019? Video by Casey Serafino-Lee

I am Casey Serafino-Lee, Realtor in Hayward and surrounding communities.

According to two different articles from the Wall Street Journal and Pulsenomics, which surveyed economists and analysts , they are predicting that we WILL be heading into a recession by the end of 2019. And We NEVER know what exactly a recession will do.

A recession is when the economy slows down. It is an economic decline in trade and industry. It is important to understand that a recession does NOT mean a housing crisis. When we are in a recession we will definitely not see the huge gains in housing prices that we saw in the teen years of this century. That was the second largest recovery in the U.S. however With a recession, the thing that YOU Need to know is that interest rates will probably increase more. If you have thoughts of moving sooner is probably better than later. We have seen higher interest rates in the past . But what does this mean for home buyers and sellers? Higher rates mean you can afford less house.

Now, as I learn more, I will continue to bring you the latest information about the housing and the impact of the economy and how it affects you, my Hayward area neighbors. Have a great home selling and buying day!

If you would like to up-size, down-size or move out of the area, I can help you.  I serve the communities of San Leandro, San Lorenzo, Hayward, Castro Valley and Union City.  I love helping my friends, neighbors and clients build their wealth, one home at a time.