Cristi McGowan, Real Estate Broker and Owner of NextHome Our Town, compares the national unemployment to local statistics and explains the potential impact on housing. For expert Waco, Texas real estate advice, call NextHome Our Town at 254-855-9500 or visit NextHomeOurTown.com

On Monday June 8th, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago. The real estate market, however, is in a totally different position than it was then.