Think a Recession Will Make Mortgages and Home Prices Cheaper? Not Quite

Economic uncertainty seems to be the only certainty these days. Inflation might be cooling, but rising tariffs, stock market dips, and global conflict are keeping everyone on edge. With mortgage rates trending up and down and sideways, 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 market fluctuations, 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. 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 it'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 ret ... Read full article.