$\"What$ <\/p>\n

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there\u2019s some debate around whether we\u2019re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says<\/a>:<\/span><\/p>\n

\n
\u201cGlobal CEOs see a \u2018mild and short\u2019 recession, yet optimistic about global economy over 3-year horizon . . . <\/em><\/p>\n
\u00a0<\/em>More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n
To add to that sentiment, housing is typically one of the first sectors to rebound during a slowdown. As Ali Wolf, Chief Economist at Zonda<\/em>, explains<\/a>:<\/p>\n
\n
\u201cHousing is traditionally one of the first sectors to slow as the economy shifts but is also one of the first to rebound<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n
Part of that rebound is tied to what has historically happened to mortgage rates during recessions. Here\u2019s a look back at rates during previous economic slowdowns to help put your mind at ease.<\/p>\n
Mortgage Rates Typically Fall During Recessions<\/strong><\/h4>\nHistorical data<\/a> helps paint the picture of how a recession could impact the cost of financing a home. Looking at recessions in this country going all the way back to 1980, the graph below shows each time the economy slowed down mortgage rates<\/a> decreased.<\/p>\n
$\"What$ <\/a><\/p>\n
Fortune<\/em>\u00a0explains<\/a> mortgage rates typically fall during an economic slowdown:<\/p>\n
\n
\u201cOver the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough.\u00a0<\/strong>And in many cases, they continued to fall after the fact as it takes some time to turn things around even when the recession is technically over.\u201d<\/em><\/p>\n<\/blockquote>\n
While history doesn\u2019t always repeat itself, we can learn from and find comfort in the trends of what\u2019s happened in the past. If you\u2019re thinking about buying or selling a home, you can make the best decision by working with a trusted real estate professional<\/a>. That way you have expert advice on what a recession could mean for the housing market.<\/p>\n
Bottom Line<\/strong><\/h3>\n
History shows you don\u2019t need to fear the word recession when it comes to the housing market. If you have questions about what\u2019s happening today, let\u2019s connect so you have expert advice and insights you can trust.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there\u2019s some debate around whether we\u2019re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 […]<\/p>\n","protected":false},"author":1,"featured_media":3400,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t