A Recession does NOT necessarily mean a housing price drop
Want to know what'll happen to the housing market. If we ever have another recession while I can't tell you when or if one will take place I can tell you history does leave clues here. Look at the last six recessions in this country going all the way back to the 80s as the green shows home prices actually appreciated went up in for those recessions. There were only two where the prices went down and that was in the early. Early 90s when the impact was minimal, but what everyone remembers was the housing crash.
In 2008. When homes lost nearly 20 percent of their value since home values actually climbed in most of the recession's history, proves recessions, don't always means home prices, will drastically fall. So if you're thinking about making a move, let's connect. Let's get together and I keep a pulse on what's going on in. In our market and around the country. So you can feel confident in your decision to buy or sell or home today down below is a link to the latest Market stats in our area.
Thanks a lot.