A double dip recession?
It looks like the rate of house price decline has now slowed down considerably. In a year’s time we may even see an annual increase. That is unless we experience a ‘double dip’ recession and prices start falling again. A key indicator is unemployment data. What are your thoughts.
Categories: House price forecasts
The definition of a double dip recession is when gross domestic product (GDP) growth returns to being negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.
I think a volatile double dip is not likely, yes we may have a negative movement, but it will not be as large as the first one. It could be flat for awhile – flat prices are not necessarily a bad thing.
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