What Recession Could Mean For The Housing Market?

The housing market is still trending positively and one of the most important markets in world but it’s also one of the most uncertain. That’s because it can be affected by many different factors, including interest rates, inflation and unemployment levels—all of which affect home prices and values.

Based on the data gathered during the recession in the eighties, mortgage rates have actually gone down compared to the previous years. While history can’t tell us exactly what will happen in the future, we can learn from it. 

Keep in mind that inflation doesn’t equal recession, don’t let the word or the idea of a "recession" stop you from buying your dream home.

If you're thinking about buying or selling your home but don't know where to begin, reach us and we are more than happy to help!

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