Is Now the Time to Buy a Home? A Realtor Answers the Top 6 Recession Housing Questions

The economic headlines are full of recession indicators, from tariffs and a potential trade war to wild stock market swings. With mortgage rates dipping slightly, some homebuyers are wondering if there might be a silver lining to a downturn -- namely, lower mortgage rates and home prices. I've worked in real estate for more than 20 years, and I've seen my share of market fluctuations, from boom times to full-blown crashes, like in 2008. When it comes to whether you should buy a home now, the economy is just one thing to consider. If you're financially ready, it could make sense to buy a home, even in a messy market. To help you make an informed decision, here's a look at what a recession could mean for mortgage rates, home prices and your home-buying timeline. Are we in a recession? There are many recession warning signs right now. Layoffs are picking up, the GDP is slowing and consumer confidence has dipped. Paychecks aren't going as far, and retirement accounts are taking hits. ... Read full article.