History Proves Recession Doesn’t Equal a Housing Crisis

Some Highlights

• It’s important to understand history proves an economic slowdown does not equal a housing crisis.
• In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.
• If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008.

It’s crucial to understand that history shows an economic slowdown doesn’t necessarily lead to a housing crisis. In fact, during four of the last six recessions, home prices actually appreciated rather than declined. The two exceptions were in the early 1990s, when prices fell minimally, and the dramatic housing crash in 2008.

The key takeaway here is that today’s housing market is fundamentally different from the 2008 crash. Unlike the housing bubble that led to the crash, today’s market is characterized by strong fundamentals, such as a shortage of housing supply, stringent lending practices, and increased demand, which are helping to stabilize prices.

If you’re concerned about how an economic slowdown might impact your homebuying or selling plans, let’s connect. I can help clarify why today’s market is nothing like 2008 and guide you through the process with expert advice.