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?
#HomePrices #HousingRecession #KeepingCurrentMatters
