Whenever the news starts talking “recession” I start receiving and answering the same questions:

• Are home prices going to decline?

• Should I wait to buy or sell?

• Will mortgage rates continue to rise?

• Are we heading for another crash?

These are completely valid concerns, and you're not alone in pondering them. The good news? History provides some insightful answers.

In four of the last six U.S. recessions, home prices did not decline; in fact, they increased. The only significant downturn occurred in 2007-08, a unique situation linked to risky lending practices and overbuilding. Today's market stands in stark contrast.

Courtesy of Mortgage Professional Barry Habib who is an American entrepreneur and frequent media resource for his mortgage and housing expertise.
He is the CEO of MBS Highway, the industry’s most highly regarded and recognized tool for Mortgage industry professionals.

Even more promising is that mortgage rates typically decrease during a recession. Historically, in each U.S. recession over the past few decades, rates have fallen as the Federal Reserve takes measures to stimulate the economy.

Unlike in the 2007-2011 Crash, homeowners today are in a strong equity position (over have have at least 55% equity); many have secured low mortgage rates and are unlikely to sell unless they choose to do so. This creates a stabilizing effect on home prices.

If you’ve been contemplating buying or selling but are uncertain about the timing, let's connect. I'm here to help you navigate your decisions based on your unique situation—beyond just reacting to the headlines. I'll help you make an informed decision based on facts not fears.

Looking forward to talking soon!

#thomasjnelsonrealtor