 TITLE: Is a Recession a Good Time to Buy a House? CONTENT: What Are the Signs of a Recession?\n----------------------------------\nThe federal National Bureau of Economic Research (NBER), the recognized authority on recessions in the U.S., declared that the country entered a recession in February 2020. The NBER considers several economic indicators when making its determinations, including industrial production, employment rate, gross domestic product (GDP) growth and personal income. One common definition of recession is a decline in GDP that continues for two consecutive quarters.\nIn its announcement of the 2020 recession, the NBER bureau cited the public health crisis over the COVID-19 pandemic as the cause, rather than fundamental financial factors seen in past recessions. END