Ryan Boykin, Partner and Co-Founder of Atlas Real Estate Group, authored an article on Investopedia.com this week detailing the Great Recession’s impact on the housing market.
“Over the last decade, no event has influenced the current real estate environment more than the global economic downturn that began in 2006. During this seismic economic shift, referred to as the Great Recession, many – if not most people – faced a myriad of unprecedented challenges.
Understanding the dynamics and implications of such a massive economic upheaval is critical for home buyers in today’s housing market. To gain a better understanding of our current real estate environment, home buyers must know how the Great Recession occurred in the first place – and heed the warnings of the last decade.”