Owning a Home Helps Protect Against Inflation
You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still […]
Powerful Job Market Fuels Homebuyer Demand
The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a […]
A Recession Doesn’t Equal a Housing Crisis
Experts are predicting a potential recession on the horizon, which may lead some to worry about buying or selling a house. However, historical data shows that a recession doesn’t always mean falling home prices. In fact, home prices have appreciated in four of the last six recessions dating back to 1980. The 2008 housing crisis was an outlier due to a surplus of homes for sale at the same time as distressed properties flooded the market. In contrast, today’s housing market has a low supply of homes for sale, so while there may be slight price declines in some areas, a crash is unlikely. A recession typically means falling mortgage rates, which creates more opportunity for homebuyers. Overall, experts predict any recession will be mild and short, and there’s no need to fear what it means for the housing market.