A Recession Doesn’t Mean Falling Home Prices
Recession talk is heating up – but what does that mean for housing? Here’s what historical data tells us. If a recession happens, many people assume home prices will crash like they did in 2008. But history tells a different story. In 4 of the last 6 recessions, home prices actually went up. That means 2008 was the exception, not the rule. During recessions, prices usually follow whatever path they’re already on. And, right now, prices are still rising nationally. How does knowing home prices haven’t typically dropped in past recessions change the way you think about buying or selling?
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Home Run Team, Ltd. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Home Run Team, Ltd. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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