Why buyers don’t need to fear an upcoming economic downturn. 

The word is on everyone’s lips: recession. Fear of a recession can spark a reaction in any market, and housing is no exception. However, contrary to popular belief, homeowners don’t need to fear an economic downturn.

During the last six recessions in the U.S., mortgage rates have dropped, providing many opportunities for savvy buyers. We’re not officially in a recession yet, but one could happen in the next 12 months.

History doesn’t always repeat itself, and no one has a crystal ball. However, the experts agree; an upcoming recession might be the perfect time to purchase a home. If you would like to create a buying plan for when rates come down, call or email me or my team. We’d love to hear from you.