How does a recession affect the market for commercial real estate (office, retail, industrial)?

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 ... Dec 1, 2008 ... GDP loss is the total amount of GDP lost between the peak and trough of a recession. Severe credit crunches and house price busts are those that ... Feb 2, 2023 ... During that time, house prices dropped by nearly 20%, leading to a rapid decrease in home equity values and an increase in foreclosures. The ... Dec 1, 2010 ... The present economic downturn has been, by many measures, the most severe since the Great Depression. The housing market has been buffeted ... Aug 31, 2023 ... The Great Recession was caused by lending and investing practices that led to a housing market crash and then a financial system collapse. Jul 8, 2024 ... Some people thought I was crazy when I argued house prices would fall 40%+ in some areas, but that is what happened. I also called the ... Oct 1, 2016 ... Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession? ... house prices and stock prices collapsed at ... Apr 1, 2025 ... So, a recession means mortgage rates could decline based on the data. While that would help with affordability, don't expect the return of a 3% ... Jul 6, 2020 ... The COVID-19 pandemic and recession will likely have a similarly significant impact on the domestic housing market. As discussed in our recent ... Keywords: Credit Conditions, Expectations, Great Recession, Irrational Exuberance, House Prices. JEL Classification: E21, E32, G01, R31, D31, D84. Resumen ...