Recession does not equal Housing Crisis
A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]
- The COVID-19 pandemic is causing an economic slowdown.
- The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
- All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.
We fully expect that in or near May 2020, when COVID-19 is well on its way out, the real estate market will see a surge of activity.
If you were needing to sell during these spring months, take the time, instead, to spruce up, paint, change carpets, stage and thoroughly clean your home. Your efforts will pay off huge dividends this summer when the market starts to move again!
Then, find out what your home is worth at ► Waco.SmartHomePrice.com