Uncertain future, forgetting the past
Annarbor Appraisal
APRIL 9, 2020
Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. What happens if the unemployment rate tops 30%?
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