The economy has ups and downs. Always has. Always will.
While we my be experiencing the worst inflation in 40 years and seeing a slowing in the real estate market, this does not guarantee a housing crisis. In fact, during the last six recessions, only two saw home prices fall.
Experts are predicting this time around that home prices will not fall, but their increase will slow. In other words, prices will likely continue increasing, just not as fast as they did the last couple of years.
You have to look at the last two years in the real estate market as an anomaly. Prices rose extraordinarily fast, so now that they appear to be slowing, some people may equate this to a “housing crisis” when in fact it is a return to more normal price increases.
If you are thinking about buying a home or selling a home, but are concerned about how the economy will impact your transaction, connect with Kurzner Group. Let’s have a discussion about your situation and how best to handle your real estate needs. See if we’re a good fit to help you. All at no cost of obligation.
