A Recession Doesn't Mean Falling Home Prices
Are you worried about the value of your home if the economy slows down? You’re not alone. It's one of the top concerns homeowners have right now.
But the truth is, in 4 of the last 6 economic slowdowns, home prices actually went up. Everyone remembers the 2008 crash – but that was the exception, not the rule.
You see, during recessions, prices usually follow whatever path they’re already on. And even with inventory rising and prices moderating today, there just aren’t enough homes on the market for a massive drop in values at the national level.
If you’re wondering how the current economy is impacting our local market or the value of your home, DM me.
#HomePrices #HousingRecession #KeepingCurrentMatters
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