It’s important to understand history proves an economic slowdown does not equal a housing crisis.
1. Home prices have appreciated in 4 of the last 6 recessions. They only fell twice: nominally in the early 90s, and then by 20% in the housing crash of 2008.
2. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.
If you have questions, connect with a real estate professional to discuss why today’s housing market is nothing like 2008.
Experts forecast price deceleration, not depreciation. That means home prices will continue to rise, just at a slower pace. Connect with a trusted real estate professional to get a full picture of what’s happening with home prices in your local market and to discuss your buying and selling goals.
