There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.
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 ZandiThe most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
Mark Zandi