Here’s what will probably happen to housing if we enter a recession.

Have you heard? There has been a lot of talk about a potential recession recently, but what does that mean for our housing market? Today we’ll share what a recession might mean for buyers and sellers.

First, according to experts, a recession would be fairly mild, and the rebound should be pretty quick—in other words, it won’t be anything like 2008. So if we do end up heading into a recession, what does that mean for our housing market? 

The bad news is that housing is one of the first things affected by a recession; we’ve seen a bit of that in our market already. However, housing is also one of the first things to rebound, and it’s all due to interest rates. 

If you look at the graph at 2:07 in the video above, you’ll see that interest rates tend to fall with the arrival of a recession. While history doesn’t always repeat itself, it’s probably a safe bet that interest rates will fall if we enter a recession soon. 

If you have questions about how you can take advantage of this, please call or email us. We’d love to discuss your situation with you.