Norada Real Estate Investments

  • Home
  • Markets
  • Properties
  • Membership
  • Podcast
  • Learn
  • About
  • Contact

Archives for January 2009

How Long Will This Recession Last?

January 14, 2009 by Marco Santarelli

How Long Will This Recession Last?Our economy has been in a recession for over a year. It contracted rapidly towards the end of 2008, and is likely to continue contracting through the first half of 2009 and probably beyond.

What exactly is a recession?

The generally accepted definition of a recession is a country’s drop in gross domestic product (GDP) for two consecutive quarters. The U.S. based National Bureau of Economic Research (NBER) defines economic recession as: “a significant decline in the economic activity spread across the economy, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales.”

United States Recessions

Since 1854, the U.S. has encountered 32 cycles of expansions and contractions, with an average of 17 months of contraction and 38 months of expansion. However, since 1980 there have been eight periods of negative economic growth over one fiscal quarter or more, and only four periods considered recessions: [Read more…]

Filed Under: Economy

Real Estate

  • Birmingham
  • Cape Coral
  • Charlotte
  • Chicago

Quick Links

  • Markets
  • Membership
  • Notes
  • Contact Us

Blog Posts

  • Will the Cape Coral Housing Market Repeat the Crash of 2008?
    July 4, 2025Marco Santarelli
  • Las Vegas Housing Market: Trends and Forecast 2025-2026
    July 4, 2025Marco Santarelli
  • Mortgage Rates Predictions for the Next 90 Days: July to Sept 2025
    July 4, 2025Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
BBB
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments

Loading...