Real Estate Market Update September 30, 2022

Are We in a Recession?

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.
So the short answer is no we are not in a recession. So if you’re ready to buy a home, call me for a chat.