One counter I hear to the possibility of a recession coming to the US before the end of the year is that real-estate is booming. Is it? It has for 6 years, but this year doesn’t look as rosy.
In this Bloomberg article, the article suggests there are several reason this market could drop within the next 12 months:
Signs of a cooling real estate market have emerged across the country since the start of the year. Commercial-property values in big U.S. cities, which have seen the largest increases during the recent boom, have declined 3 percent in the past three months, Moody’s Investors Service and Real Capital Analytics Inc. said in a June 6 report. Real estate transactions in New York, the biggest U.S. property market, are forecast to decline by as much as 30 percent this year, brokerage Cushman & Wakefield said in April.