L
et's talk about the "R" word - recession. I'm hearing more chatter about it, and I want to explore what happens to the housing market during a downturn. What are the effects on home prices and jobs? I have some new visuals to help us understand this.

    Upcoming speaking gigs:

    * 3/6/25 Yolo Association YPN Event

    * 3/12/25 Windemere Sierra Oaks

    * 3/20/25 HomeSmart iCare Realty (private)

    * 4/2/25 SAFE Credit Union (details TBA)

    * 4/10/25 Yuba-Sutter Association (details TBA)

    * 4/15/25 Culbertson and Gray (private)

    * 4/24/25 KW EDH (private)

    * 5/8/25 Private event (details TBA)

    * 5/13/25 PCAR

    * 6/5/25 Auburn Marketing Meeting

    * 9/26/25 PCAR

    * 11/4/25 SAR Main Meeting

    Let's dive into some deep thoughts about the "R" word:

    1. Prices don't always drop during a recession. While it's true that prices can fluctuate, stats show that sometimes they stay steady or even rise.

    2. Local markets can be different from national trends. In Sacramento, for example, prices have gone up and down after recessions.

    3. Unemployment rises during a recession, both nationally and locally. This is a common pattern to watch out for.

    4. The Great Recession isn't the new template for every future market correction. Each recession has its own unique characteristics, so we shouldn't assume what happened in 2008 will happen again.

    Some closing hot issues:

    * Politics colliding with real estate: I'm watching three topics - tariffs, Governor Newsom's call to state workers, and Elon Musk's plan to cut federal jobs. These could have implications for the housing market and consumer confidence.

    * Consumer debt and delinquencies are growing, which is a concern for real estate professionals.

    * Let's keep an eye on these issues and how they affect the market.

    Thanks for being here! If you have any questions or comments, please share them below.