It's 'the less appealing' areas which will weather a recession better, Zelman & Associates' analyst Dennis McGill told Newsweek.
like the one that happened during the 2008 crisis. But if the housing market were to suddenly slow, the impact of such a downturn won't be felt the same across the entire country.
"I would argue that the areas that will weather a recession better are the ones that have a more stable demand profile, one that's driven more by primary demand and not second home or investor demand over time, and one that doesn't have a lot of supply coming to market," McGill said. At the same time, as those areas have not experienced a major increase in demand during the past two years, they will consequently not suffer the sudden mismatch between growing supply and dropping demand.
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