Real Estate Blog - Decline

Here’s What a Recession Could Mean for the Housing Market

Posted by Shane Andersen on April 9th, 2025

 

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.

Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.

A Recession Doesn’t Mean Home Prices Will Fall

Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.

In fact, according to data from CoreLogic, in four of the last six recessions, home prices actually went up (see graph below):

So, if you’re thinking…

121 Views, 0 Comments

Mortgage Rates Hit Lowest Point So Far This Year

Posted by Shane Andersen on March 21st, 2025

 

If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in.

Mortgage rates have been declining for seven straight weeks now, according to data from Freddie Mac. And the average weekly rate is now at the lowest level so far this year (see graph below):

While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6’s can change your mindset when it comes to buying a home. Especially when the forecasts said we wouldn’t hit this number until roughly Q3 of this year (see graph below):

Why Are Rates Coming…

175 Views, 0 Comments

Sellers: Make Today’s Home Price Appreciation Work for You

Posted by Shane Andersen on August 23rd, 2021

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

HERE’S WHAT THREE LEADING INDUSTRY EXPERTS HAVE TO SAY ABOUT WHAT LIES AHEAD:

LAWRENCE YUN, CHIEF ECONOMIST, NATIONAL ASSOCIATION OF REALTORS (NAR):

“AT A BROAD LEVEL, HOME PRICES ARE IN NO DANGER OF A DECLINE DUE TO TIGHT INVENTORY CONDITIONS, BUT I DO EXPECT PRICES TO APPRECIATE AT A SLOWER PACE BY THE END OF THE YEAR.”

SELMA HEPP, DEPUTY CHIEF ECONOMIST, CORELOGIC:

“The imbalance between robust demand and dismal availability of for-sale homes has…

414 Views, 0 Comments