What Past Recessions Tell Us About the Housing Market

A Recession Doesn’t Mean Falling Home Prices

History helps paint the picture of how a recession could impact the cost of financing a home.

A Recession Doesn't Mean Falling Home Prices. Historical data shows that home prices don't fall every time there's a recession.

A Recession Means Falling Mortgage Rates. In 2023, experts say mortgage rates will likely stabilize below the peak we saw last year because early signs show inflation is starting to cool.

 A Recession Means Falling Mortgage Rates

If inflation continues to ease, rates may fall a bit more, but the days of 3% are like behind us.

If you’re thinking about buying or selling a home this year, let’s connect so you have expert advice on what’s happening in the housing market and what that means for your homeownership goals. While history doesn’t always repeat itself, we can learn from the past. According to historical data, in most recessions, home values have appreciated and mortgage rates have declined.

If inflation continues to ease, rates may fall a bit more, but the days of 3% are like behind us. If you’re thinking about buying or selling a home this year, let’s connect so you have expert advice on what’s happening in the housing market.

 Bottom Line 

While history doesn’t always repeat itself, we can learn from the past. According to historical data, in most recessions, home values have appreciated and mortgage rates have declined.

If you’re thinking about buying or selling a home this year, you can make the best decision by working with a trusted real estate professional. That way, you have expert advice on what’s happening in the housing market and what that means for your homeownership goals.