08/24/2022
π Hey, homebuyers! Let's talk about the new buzz word going around lately: Recession.
π± The biggest fear we've been seeing with homebuyers lately is the thought that the housing market is going to crash. A lot of new buyers entering the market remember the dreaded 2008 recession, but it's NOT the same.
π In fact, 4 of the last 6 recessions, home prices appreciated! The recession of 2008 was a direct cause of a housing market crash due to bad appraisal and lending standards. There are stricter standards and safeguards in place now.
π‘ Prices are still appreciating on homes, and they are projected to continue doing just that. Don't let the word recession scare you into thinking it's a bad time to buy or sell.
π² If you want to talk about this more or have questions, DM us! We're always here to help.