What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]

If you’re concerned about how a potential recession could impact the housing market, it’s important to look at historical trends to understand what might happen.

In four out of the last six recessions, home prices actually appreciated. This includes periods when the economy was struggling but real estate remained a stable and reliable asset. The exceptions were during the early 1990s recession and the housing crash in 2008, where home prices did fall. However, even in those situations, the market eventually recovered.

Interestingly, mortgage rates typically decline during recessions. This can be beneficial for buyers, as lower rates mean lower monthly payments, making homeownership more affordable even in a challenging economic climate.

So, if you’re thinking about buying or selling a home, it’s worth noting that recessions don’t always lead to a housing crisis. In fact, with mortgage rates potentially dropping, it might even be an advantageous time to enter the market.

Let’s connect to discuss how the current market conditions and economic outlook can affect your plans. Whether you’re looking to buy or sell, I can help guide you through this period with expert advice.