It seems like every week that economists are warning investors and companies that a serious recession or economic slump is on its way. With every quiver of the Dow Jones, a fresh wave of news tells us how to prepare our finances for the worst. Many people vividly remember the last recession and the high unemployment rate, and they fear for their jobs and careers. Some industries, however, are more at risk than others of facing the wrath of a suffering economy.
The real estate and housing market is often one of the first to struggle when the economy crashes. Many people avoid incurring large debts, such as mortgages, when their financial security is not guaranteed and thus avoid buying homes. Real estate agents and agencies, who rely heavily on commissions, might be the area of the housing market that suffers the most.
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