There is plenty of talk in the media about a pending economic slowdown.
The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th. The question is if that will trend will hold true for the next one.
Many experts predict a potential recession is on the horizon. However, housing will not be the trigger. It will not be a repeat of the crash in the 2008 housing market and will act different. Will housing take a fall?
The 2008 Housing Crash was caused by bad mortgage securities. We will have to see if what is the key factor in the next recession. Will it be housing/mortgage related? Or something else….