A joke: Economists have forecast ten out of the last three recessions. Real estate recessions happen when something big affects the economy in general. Because it takes longer to buy and sell real estate than to shift assets in a stock or bond portfolio, real estate recessions take hold more slowly than general economic recessions.
“…according to the National Association of Realtors, homeownership rates among those 35 and younger is 36%--the lowest level since 1982…” NAR is concerned that this figure is so low. Nationally, it may be unusually low. They say there are myths making this so. I think there are good reasons for it. Entry level housing is