What Happens to REAL ESTATE During a Recession?

In "What Happens to REAL ESTATE During a Recession?", Eddie and co-host Nancy Vallee, with EXIT Real Estate Specialists, dive into the 2025 housing market with a no-nonsense look at how economic shifts impact real estate. From analyzing Joliet, IL, sales data to spotting national housing trends, they break down what buyers and sellers need to know. Learn why buyers have more negotiating power today, the critical factors driving the spring market, and the economic ripple effects of a single home sale. Whether you're restarting your home search or looking to sell, this episode delivers actionable insights to help you confidently navigate the market.

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00:00:00 Recession & Real Estate?
00:07:30 National Housing Trends I'm Watching 
00:09:44 Buyers Have More Negotiation Power Today Than Yesterday
00:17:48 Sales Data on Joliet, IL
00:27:30 The most important thing in the Spring Market
00:32:28 You might want to start your home searches up again
00:37:32 Looking for sellers!
00:42:36 Economic impact of a typical home sale