Nina Asusa, Broker

Nina's journey in real estate began in the early 1990's where her passion for real-estate quickly grew from an investor and home renovator, to where she is today. In 2006*, Nina launched her full-time real estate career and quickly found herself helping her clients, who many became friends, achieve not just any lifestyle, but the lifestyle they wanted for themselves. Her model was and always will be ''Don't follow someone else's story; create your own story, create your own lifestyle, because 'home is where your story begins.'''  From a single realtor, to developing a strong team of realtors she personally mentored and later owning a real estate brokerage firm, Nina's focus remained the same. She continues to channel her high energy and extensive experience into understanding her client's needs and wants, and in helping them in their real estate journey. Nina's greatest honour is the trust others grant her when welcoming her in their life's journey.

How much difference do recessions make on home values?

By: Steve Randall | repmag.ca

How much difference do recessions make on home values?

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This article was originally published on August 7, 2019 at www.repmag.ca. To view it in its original form, visit How much difference do recessions make on home values?

 
With many commentators expecting a recession in the next couple of years, fears of a housing market crash – especially in the United States – are driven by memories of the Great Recession 10 years ago.

But typically, recessions have a limited impact on home values according to research by Zillow which looked at recessions over the last quarter century at both US-wide and state level.

There were two national recessions; the dot com crash in 2001 and the Great Recession from 2007-9; and 1,039 statewide recessions during a given month since 1997.

In 81% of those months, annual home value appreciation was positive; averaging 4.6% during economic growth and 4% during recessions.

The Great Recession was an exception which saw the widespread collapse of home values that exacerbated the recession.

"The housing crash during the Great Recession left a lasting impression on our collective memory," said Zillow Economist Jeff Tucker. "But as we look ahead to the next recession, it's important to recognize how unusual the conditions were that caused the last one, and what's different about the housing market today.”

Different story

Tucker noted that rather than abundant homes, the US currently has a shortage of new home supply and where the Great Recession had risky borrowers taking on adjustable-rate mortgages, today’s buyers have sterling credit scores and are taking out predictable 30-year fixed-rate mortgages.

“The housing market is simply much less risky than it was 15 years ago, and our experience in recent localized recessions shows how home prices can weather normal economic headwinds," he said.