Today on the Southern California Real Estate Report we go over how the COVID-19 pandemic is changing the economy.
Banks are preparing for a large increase in mortgages to go unpaid. There is a lot of talk out there that we are going into a depression.
But what does that exactly mean?
We dive into some key differences between the recession of 2008 and the current state of the market.
How will we recover from the impacts of COVID-19 will can't begin to answer until we fully understand the economic impact of the situation.