A Recession Does Not Equal a Housing Crisis

No — the sky is not falling!  Signs may be pointing toward a recession but let’s look at some past stats re: home prices and appreciation.

  • There is plenty of talk in the media about a pending economic slowdown.
  • The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
  • Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market

Source: Keeping Current Matters.

Another really important thing to take into consideration is our area.  This infographic is national data.  Our area is still flourishing with employment, companies hiring and out of the area folks moving in.  Another great person to ask about this is Windermere’s own Matthew Gardener.

 

Posted on October 3, 2019 at 8:20 pm
Denise Perkins | Category: Bellevue, Bothell, Denise Perkins, Eastside, In the News, Kenmore, Market Stats, North Kirkland, Redmond, Snohomish, Snoqualmie | Tagged , , , , , , , , , , , ,