$\"Here\u2019s$ \n

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.<\/p>\n

Let\u2019s take a look at some historical data to show what\u2019s happened in housing for each recession going all the way back to the 1980s.<\/p>\n

A Recession Doesn\u2019t Mean Home Prices Will Fall<\/strong><\/h4>\n
Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn\u2019t happened since.<\/p>\n
In fact, according to data<\/a> from CoreLogic<\/em>, in four of the last six recessions, home prices actually went up (see graph below<\/em>):<\/p>\n
$\"a$ <\/a>So, if you\u2019re thinking about buying or selling a home, don\u2019t assume a recession will lead to a crash in home prices. The data simply doesn\u2019t support that idea. Instead, home prices usually follow whatever trajectory they\u2019re already on. And right now, nationally, home prices<\/a> are still rising at a more normal pace.<\/p>\n
Mortgage Rates Typically Decline During Recessions<\/strong><\/h4>\nWhile home prices tend to stay on their current path, mortgage rates usually drop during economic slowdowns. Again, looking at data<\/a> from the last six recessions, mortgage rates<\/a> fell each time (see graph below<\/em>):<\/p>\n
$\"a$ <\/a>So, a recession means mortgage rates could decline based on the data. While that would help with affordability, don\u2019t expect the return of a 3% rate.<\/p>\n
Bottom Line<\/h3>\n
The answer to the recession question is still unknown, but the odds have gone up. But that doesn\u2019t mean you have to wonder about the impact on the housing market \u2013 historical data tells us what usually happens.<\/p>\n
When you hear talk about a possible recession, what concerns or questions come to mind about buying or selling a home?<\/strong><\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let\u2019s take a look at some historical data to show what\u2019s happened in housing for each recession going all […]<\/p>\n","protected":false},"author":1,"featured_media":5569,"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_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}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-5568","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":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/04\/20250401-Here-s-What-a-Recession-Could-Mean-for-the-Housing-Market-original.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-1rO","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=5568"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/5569"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=5568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=5568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=5568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}