Don’t buy home if you’ll need to sell in a recession

How far home prices will fall is anybody's guess
Published on Apr 14, 2008

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by CareyBot

Some people -- including financial wizard Warren Buffett -- think the United States is already in a recession.

Technically, economists define a recession as two or more consecutive quarters of negative growth as measured by the gross domestic product (GDP). Commonly, however, recession is a term used to describe a period of general economic decline.