Goldman Sachs took a look at 24 prior housing busts and draws some tentative conclusions about what to expect moving forward.
The good news: History shows that ‘double-dip’ recessions are very rare after a housing bust.
The bad news: Recoveries after housing busts are usually very, very slow.
Well, we’ll take a very, very slow recovery if the alternative is another recession.
File under: Housing Bust History 101