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Rochester, Buffalo and Hartford Will Be Fine in the Next Recession

Many signs point to a recession beginning sometime next year. Fortunately, it may not have a big negative impact on the real estate market.

However, there are some metro areas that will be more at risk of a housing downturn than others. But Rochester, Buffalo and Hartford will have the lowest risk.

Since the Great Recession, led by the housing bubble burst, Americans have come to believe that an economic recession is tied to a weakening housing market. That’s just not true. That hasn’t been the case historically. No matter. People get nervous about the housing market when the word “recession” is mentioned; and who can blame them?

On a scale of risk factors, the metro area with the lowest risk of a real estate dip during a recession is Rochester, New York, with an overall score of 30.4 percent, followed by Buffalo (31.9%) and Hartford, Connecticut (33.9%). This is due to a number of factors, including more affordable home prices and local economies less prone to boom-bust swings.

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