Donāt let sketchy data or surprise fees stand between you and your dream home.
Download the Made 4 More app for the most accurate, up-to-date listingsāwithout your personal info being sold.
Shop smarter, find better deals, and move with confidence. Start your search today! š±āØ
Letās be real: Every time the word recession starts trending, a bunch of folks hit the brakes on their real estate plans. And itās happening again. Headlines are stirring up fear, and according to a new survey by John Burns Research and Consulting, 68% of people are putting their home buying or selling plans on hold due to economic uncertainty.
But hereās the kicker: not all of them are scared. A big chunk are actually feeling hopefulāhoping that a recession will drop mortgage rates and home prices. Itās a classic case of āIāll wait for the market to crash and then Iāll strike!ā Sounds smart, right? Not so fast. ā ļø
š Yes, Mortgage Rates Might Drop⦠But Thatās Only Half the Story
Itās trueāduring most past recessions, mortgage rates have dipped. When the economy slows, the Fed usually steps in to stimulate things, which often brings rates down. For buyers, that sounds like a win. š Cheaper borrowing = more affordable homes. Simple math.
Butā¦
š Home Prices Donāt Usually Drop During Recessions
Hereās where the logic breaks down. Most buyers waiting for a ādealā also assume that home prices will take a nosedive. But history tells a very different story. According to data from Catality (formerly CoreLogic), home prices actually rose in four of the last six recessions. š
The 2008 crash? That was the exception, not the ruleāand it was triggered by a housing bubble and lending crisis, not your average recession. Todayās market is fundamentally different. Inventory is still low, demand is still high, and builders canāt keep up. So unless thereās a major shift, that dream of scooping up a bargain? Probably just thatāa dream. š
š¦ The Market Isnāt WaitingāSo Why Are You?
If youāve been sitting on the sidelines waiting for prices to crash, you might be waiting for a bus thatās never coming. Prices are holding steady or even rising in many areas, just at a slower, more sustainable pace. Thatās not bad newsāitās predictable, and thatās something you can actually plan around. š
And hereās a truth bomb: when rates do drop, demand is going to spike. š Think bidding wars, multiple offers, and buyers coming out of the woodwork. Waiting for that āperfect momentā could actually make your move harderāand more expensive.
š° Donāt Let Headlines Dictate Your Future
The media loves to talk in extremes. But your life isnāt a headline. If youāre thinking about buying or selling, the best time to make a move is when itās right for youānot when a bunch of clickbait articles say it is. š
A smart move starts with the right guidance. Letās talk through whatās really happening and help you build a plan that works in todayās marketānot some fantasy version of it.
ā Ā Timing the Market is a Gamble. Planning for the Market is a Power Move.
Still waiting for a ācrashā that may never come? Donāt risk missing out on opportunities that are already here. Call or text us at 855-935-MORE and letās build a real estate strategy around your goalsānot Wall Streetās fearmongering. š²