[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fnawcu02klz66":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},82639,"heres-what-a-recession-could-mean-for-the-housing-market","Here’s What a Recession Could Mean for the Housing Market","\u003Cp>Recession talk is all over the news, and the odds of a recession are rising this year.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-Here-s-What-a-Recession-Could-Mean-for-the-Housing-Market-original.png","\u003Cp>Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.\u003C\u002Fp>\u003Cp>Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.\u003C\u002Fp>\u003Ch4>\u003Cstrong>A Recession Doesn’t Mean Home Prices Will Fall\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.\u003C\u002Fp>\u003Cp>In fact, according to data from \u003Cem>CoreLogic\u003C\u002Fem>, in four of the last six recessions, home prices actually went up (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-A-Recession-Does-Not-Mean-Falling-Prices-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-A-Recession-Does-Not-Mean-Falling-Prices-original.png\" alt=\"a graph of a graph showing the price of falling prices\">\u003C\u002Fa>So, if you’re thinking about buying or selling a home, don’t assume a recession will lead to a crash in home prices. The data simply doesn’t support that idea. Instead, home prices usually follow whatever trajectory they’re already on. And right now, nationally, \u003Ca href=\"\u002F2025\u002F03\u002F10\u002Fshould-i-buy-a-home-right-now-experts-say-prices-are-only-going-up\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> are still rising at a more normal pace.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Mortgage Rates Typically Decline During Recessions\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>While home prices tend to stay on their current path, mortgage rates usually drop during economic slowdowns. Again, looking at \u003Ca href=\"https:\u002F\u002Fmtg-specialists.com\u002Frecession-interest-rates-and-real-estate\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> from the last six recessions, \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates\u003C\u002Fa> fell each time (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-A-Recession-Means-Falling-Mortgage-Rates-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-A-Recession-Means-Falling-Mortgage-Rates-original.png\" alt=\"a graph of a graph showing the rise of mortgage rates\">\u003C\u002Fa>So, a recession means mortgage rates could decline based on the data. While that would help with affordability, don’t expect the return of a 3% rate.\u003C\u002Fp>","\u003Cp>The answer to the recession question is still unknown, but the odds have gone up. But that doesn’t mean you have to wonder about the impact on the housing market – historical data tells us what usually happens.\u003C\u002Fp>\u003Cp>\u003Cstrong>When you hear talk about a possible recession, what concerns or questions come to mind about buying or selling a home?\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250331\u002F20250401-A-Recession-Does-Not-Mean-Falling-Prices-original.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2025-04-01T10:30:00Z","2025-04-09T20:17:38Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},82472,"paused-your-moving-plans-heres-why-it-might-be-time-to-hit-play-again","Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250327\u002F20250331-Paused-Your-Moving-Plans-Here-s-Why-It-Might-Be-Time-To-Hit-Play-Again-original.png","2025-03-31T10:30:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},82724,"townhomes-a-smart-solution-for-todays-first-time-buyers","Townhomes: A Smart Solution for Today’s First-Time Buyers","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20250401\u002F20250402-Townhomes-A-Smart-Solution-for-Today-s-First-Time-Buyers-original.png","2025-04-02T10:30:00Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]