There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.
Mark ZandiDistressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
Mark ZandiThe extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
Mark ZandiThe upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.
Mark ZandiNo one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
Mark Zandi