Are we in a recession?

According to the definition of two consecutive quarters with negative GDP growth, we entered a recession starting in Summer 2022. There’s no doubt about it – the last several years have been an economic and social rollercoaster. When things are uncertain and the word “recession” gets thrown around, you’re bound to feel some anxiety.

You’re probably wondering what’s in store for the real estate market as 2022 winds down. We know that experts have predicted a turn in 2023 with the reemergence of a buyer’s market. Most of us likely have a different question in mind: is the U.S. housing market heading for a crash?

Business owners must be adept at pivoting their business strategies in every economic climate: inflation, recession, and beyond. 

We all want to protect our hard-earned money. In a recession, your finances can be put in jeopardy—but they don’t have to be at total risk. Recessions are a natural and inevitable part of the economic cycle. It’s best to prepare beforehand, but you can make smart money moving throughout a recession period and avoid a financial crisis.