History Proves Recession Doesn’t Equal a Housing Crisis
- It’s important to understand history proves an economic slowdown does not equal a housing crisis.
- 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.
- If you have questions, connect with your local real estate professional ar Ri Prasad Luxury Group to discuss why today’s housing market is nothing like 2008.