You don’t need a recession to have a declining housing market. In the 90’s, the recession lasted from late ’91 to mid ’92, and yet housing in CA declined for another 4 years.
I didn’t mean a recession was needed. Some seem to think though that a housing correction will cause a recession. I’m all for the housing correction (not that it matters what I want, it’s coming anyway), and if a recession results so be it. Recessions happen every decade or so anyway.
