Recession does NOT equal a housing crisis!
Hey y'all... It’s important to understand history proves an economic slowdown does not equal a housing crisis. I know lots of people have questions and have heard talk from some of an impending market "crash."
In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.
We are still in a low inventory market, there is still high demand. There ARE lots more homes coming on the market, so that's great news for buyers! But we are nowhere close to being in a balanced market.
If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008.
Karen Heet, Owner/Broker
Love Realty Utah