A Recession Might Not Affect the Housing Market Like You Think, Says This Realtor

The economy is all over the place. Inflation might be cooling, but rising tariffs, stock market dips and global uncertainty are keeping everyone on edge. With mortgage rates jumping around, homebuyers are asking me: Will housing become more affordable in a recession? After more than 20 years in real estate, I've seen my share of ups and downs, from boom times to full-blown crashes, like 2008. The truth is there's always an opportunity for certain homebuyers, even in a downturn. The market doesn't stop during a recession. It just shifts. And if you're financially ready, that shift can actually work in your favor. Let's examine what a recession really means for mortgage rates, whether home prices will fall and when's a good time to buy a home. Recession risks are real There are plenty of recession warning signs right now. Layoffs are picking up, GDP is slowing and consumer confidence has dipped. Paychecks aren't going as far, and retirement accounts are taking hits. While less dispo ... Read full article.