A Recession Doesn’t Mean a Housing Crisis
Are you hearing all the talk about a recession and wondering what that would mean for the housing market? Here’s what the data tells us about every recession going back to the 1980s. While everyone remembers 2008, what happened then wasn’t the norm. That was the only time there was a big drop in prices. It hasn’t happened since. And mortgage rates? They usually come down – but don’t expect the return of 3%.
While the answer to the question of whether we’re headed toward a recession is uncertain, you don’t have to worry about what that would mean for housing.
What else are you hearing about the housing market that you’d like more information on? Let’s connect to explore your options today.
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I’m Joe Peters, a twenty-plus-year real estate agent with Coldwell Banker Residential Brokerage. I work with people that want to buy or sell a home (or both) in Hunterdon or Somerset County, NJ. Clients rely on me for in-depth market and neighborhood insights and smooth real estate transactions. My access to big data through Coldwell Banker, plus current technology and marketing skills, give clients a unique advantage.
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