A Recession Doesn't Equal a Housing Crisis
If you're following the news, you might be wondering what could happen to the housing market if there's a recession.
Here's what the data tells us about recessions and home prices.
Home prices only fell twice in the last 6 recessions: In 1991 -1.9% and in 2008 at -19.7%. During the other 4 prices actually appreciated.
Let's connect today to discuss why history shows a recession doesn't equal a housing crisis and why 2008 wasn't the norm.
SOURCES:
- https://www.corelogic.com/intelligence/corelogic-hpi-posted-record-year-over-year-growth-in-2021/
- https://www.corelogic.com/intelligence/housing-recessions-and-recoveries/
- https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011
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