Is It Smarter to Wait for a Recession Before You Buy or Sell a Home? What History, and Today’s Data, Really Says
Posted by Michael Perna on
You’ve seen the headlines everywhere: “Recession looming,” “Inflation uncertainty,” and “Mortgage rate volatility.” Conversations at work, at the local coffee shop, or even around the dinner table probably sound similar: “Maybe we should wait until the recession hits before making a real estate move.” It’s understandable. On paper, recessions seem like they should bring falling prices and lower interest rates, creating the perfect conditions to buy or prompting urgency to sell quickly before values decline.
But here's the truth from someone who’s been through multiple market cycles in Metro Detroit: real estate markets rarely behave exactly as expected. Instead of making emotional or speculative decisions based solely on the fear of recession,…
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