Market Update: A Recession Doesn’t Mean a Housing Crisis

When people hear the word “recession,” it’s easy to assume the worst — especially when it comes to the housing market. Memories of 2008 still linger, and many fear history might repeat itself. But the truth is, not every recession leads to a housing crash. In fact, the real estate market has often remained surprisingly resilient. Let’s take a closer look at why today’s economic shifts don’t necessarily spell disaster for homebuyers or homeowners.

Some Highlights

• There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us.

• While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and mortgage rates tend to fall.

• If you have questions about buying or selling a home in today’s market, let’s have a conversation.