Does the tourism industry's performance during a recession impact mountain resort properties?

We examine a panel of quarterly state level data on house prices, mortgage debt and employment along with a measure of banking distress. Then exploiting both ... Keywords: Credit Conditions, Expectations, Great Recession, Irrational Exuberance, House Prices. JEL Classification: E21, E32, G01, R31, D31, D84. Resumen ... House Prices: Generally, house prices drop when the economy enters a recession. · Mortgage Rates: Banks and lenders often lower interest rates to stimulate ... Apr 27, 2020 ... ... House Price Index. Unlike the current downturn, housing production ... With respect to these housing market indicators, the current downturn ... Jun 26, 2020 ... This recession just goes to show an economic downturn doesn't have to be severe and long-lasting to have a profound effect on the housing market ... Mar 12, 2025 ... Hale told Newsweek that home prices and mortgage rates can decline during a recession, making it cheaper to buy a home, though this isn't always ... Sep 6, 2019 ... Since the recession was focused around real estate, obviously home values took a bigger hit. In Santa Clara County, home values peaked in April ... Feb 15, 2024 ... Previous recessions have shown that house prices often fall during a prolonged economic dip and rise in unemployment. According to estate agents ... As often happens with a downturn in the economy and an increase in unemployment, mortgage delinquency rates rose sharply in the second quarter of 2020. The ... How does entering a recession affect house prices? Entering a recession isn't ... happen next in terms of price fluctuations. If you have any further ...