R&S Premier Homes Blog

Friday, May 5, 2023   /   by Steve Halen

A Recession Doesn’t Equal a Housing Crisis

ay 2, 2023

PricingInterest RatesHousing Market Updates

Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting:
“. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” 
While a recession may be on the horizon, it won’t be one for the housing market record books like the crash in 2008. What we have to remember is that a recession doesn’t always lead to a housing crisis.
To prove it, let’s look at the historical data of what happened in real estate during previous recessions. That way you know why you shou ...
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Mesa, AZ 85203
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steve@azdreamhomesearch.com

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