What an Economic Slowdown Could Mean for the Housing Market The answer to the recession question is still unknown, but the odds have gone up. However, that doesn’t mean you have to worry about what it means for the housing market – or the value of your home. Historical data tells us what usually happens. If you’re wondering how the current economy is impacting our local market, let’s connect. #ExpertAnswers #Opportunity

The word “recession” has been all over the news – and it can make people nervous, especially if your mind jumps to the housing crash of 2008. But let’s take some of the uncertainty away. Data shows, in every recession since 1980, mortgage rates have come down. So, you don’t have to wonder what a potential recession could mean for your buying power. Historical data tells us what’s most likely. Don’t let uncertainty hold you back if you need to make a move. When it comes to major decisions, it's the facts that are worth listening to. #MortgageRates #HousingRecession

Are you worried about the value of your home if the economy slows down? You’re not alone. It's one of the top concerns homeowners have right now. But the truth is, in 4 of the last 6 economic slowdowns, home prices actually went up. Everyone remembers the 2008 crash – but that was the exception, not the rule. You see, during recessions, prices usually follow whatever path they’re already on. And even with inventory rising and prices moderating today, there just aren’t enough homes on the market for a massive drop in values at the national level. If you’re wondering how the current economy is impacting our local market or the value of your home, DM me. #HomePrices #HousingRecession