Here's What a Recession Could Do to the Housing Market
The housing market has experienced over 10 years of exceptional growth, where the median home price jumped an incredible 117% as of March 2022. This rate of growth has only been outpaced by the home price growth in the decade before the Great Recession of 2007 to 2009, where home values rose 121%.
Home prices continue to surpass recent highs. Despite signs of slowing demand thanks to rising mortgage rates, it seems nothing is stopping this red-hot market from soaring. But a recession might.
Now that several experts are heeding warnings over a potential recession, here's how it could impact the housing market.
Source Fool.com
