Could a Recession Bring Lower Mortgage Rates and Cheaper Home Prices? It's Complicated

Economic uncertainty seems to be the only certainty these days. A barrage of tariffs threatens higher prices and a trade war, while a plunging stock market and federal job slashing seem to be clear recession indicators. With mortgage rates inching lower, it's common for homebuyers to ask if housing will become more affordable in a downturn. 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, regardless of how messy the economy is. 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 look at what a recession really means for mortgage rates, whether home prices will fall and when it's a good time to buy a home. Are we in a recession? There are many recession warning signs right now. Layoffs are picking up, GDP is slowing and consumer confidence has dipp ... Read full article.