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Posts from April 2nd, 2020

Burgan Real Estate Blog

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April
2

A RECESSION DOES NOT MEAN A HOUSING CRISIS
If you are homeowner, you are likely concerned about the impact the tidal wave known as, COVID-19, is going to have on the value of your home. While our health care providers and leaders use historical data on this virus to make decisions on how to best preserve and protect each one of us, all of us are doing that as well for our own lives. When it comes to the value of our home, we've seen this story play out not too long ago. The financial and housing crisis of 2008 is not a too distant memory in our minds and wallets. Many of us were just finally starting to enjoy being out form underneath the challenges that brought upon our homes, both figuratively and literally. However, before you begin to feel and panic, thinking that this is déjà vu all over again, I'm here to make the outlook a little better for you and show you why the recession we are going to embark on from the effects of COVID-19 does not mean we are on the precipice of a...

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