Want to know what will happen to the housing market if we have another recession?
While nobody can tell you for certain when or even if a recession will take place, I can tell you history proves a recession doesn’t automatically equal a housing crisis.
When we look at the last six recessions in the U.S. going all the way back to the 80s… home prices actually appreciated in four of those.
There were only two recessions where we saw home prices depreciate. It happened first in the early 90s when the impact was minimal.
Unfortunately, what everyone remembers is the housing crash from 2008 when homes lost nearly 20% of their value.
Since home values actually climbed in some of those recessions– history shows that a recession doesn’t always mean home prices will fall.
So if you’re looking to make a move let’s connect!
I keep a pulse on what’s happening in the market and in the Palm Harbor area so you can feel confident in your decision to buy or sell a home today.
Your Palm Harbor Realtor,
The Fazzini Group | ReMax Realtec