If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us.
Some Highlights
Home Prices and Appreciation: In four of the last six recessions, home prices actually appreciated. They only fell during the early 90s and the housing crash in 2008.
Mortgage Rate Trends: Mortgage rates, though, declined during each of the previous recessions.
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The housing market is constantly shifting, and historical context is key to making informed decisions. If you have questions about buying or selling a home in today’s market, let’s connect.