The term "Real Estate Recession" refers to a period of time when there is a decline in economic activity, leading to a decrease in real estate values and transactions. During this time, property prices may fall due to reduced demand or increased supply, making it an unfavorable environment for investors and homeowners. A real estate recession can be caused by various factors such as rising interest rates, high unemployment rates, economic instability, or changes in government policies that affect the housing market. The duration of a real estate recession varies depending on the severity of the underlying causes and how quickly they are addressed by policymakers.