The Infographic “What Would a Recession Mean for the Housing Market?” above demonstrates that in most of the recent recessions, home prices have appreciated and mortgage rates have declined in the last six recessions.
- If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us.
- In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions.
- If you have questions about buying or selling a home in today’s market, let’s connect.
- Other educational articles about the market and your home search of interest are located under Karen’s Blog Articles.