{"id":4295,"date":"2022-08-16T05:00:26","date_gmt":"2022-08-16T10:00:26","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/"},"modified":"2022-08-16T05:00:26","modified_gmt":"2022-08-16T10:00:26","slug":"what-would-a-recession-mean-for-the-housing-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/","title":{"rendered":"What Would a Recession Mean for the Housing Market?"},"content":{"rendered":"

\"What<\/p>\n

According to a recent survey<\/a> from the Wall Street Journal<\/em>, the percentage of economists who believe we\u2019ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there\u2019d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months.<\/span><\/p>\n

And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there\u2019s a recession? <\/em><\/p>\n

Here\u2019s a look at historical data to show what happened in real estate during previous recessions to help prove why you shouldn\u2019t be afraid of what a recession would mean for the housing market today.<\/strong><\/p>\n

A Recession Doesn\u2019t Mean Falling Home Prices<\/strong><\/h4>\n

To show that home prices don\u2019t fall every time there\u2019s a recession<\/a>, it helps to turn to historical data<\/a>. As the graph below illustrates, looking at the recessions going all the way back to 1980, home prices<\/a> appreciated in four of the last six recessions. So, historically, when the economy slows down, it doesn\u2019t mean home values will fall.<\/p>\n

\"What<\/a><\/p>\n

Most people remember the housing crisis in 2008 (the larger of the two red bars in the graph above<\/em>) and think another recession would repeat what happened then. But this housing market isn\u2019t about to crash<\/a>. The fundamentals<\/a> are very different today than they were in 2008. So, don\u2019t assume we\u2019re heading down the same path.<\/p>\n

A Recession Means Falling Mortgage Rates<\/strong><\/h4>\n

Research<\/a> also helps paint the picture of how a recession could impact the cost of financing a home. As the chart below shows, historically, each time the economy slowed down, mortgage rates<\/a> decreased.<\/p>\n

\"What<\/a><\/p>\n

Fortune<\/em> explains<\/a> that mortgage rates typically fall during an economic slowdown:<\/p>\n

\n

\u201cOver the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. <\/strong>And in many cases, they continued to fall after the fact as it takes some time to turn things around even when the recession is technically over.\u201d<\/em><\/p>\n<\/blockquote>\n

And while history doesn\u2019t always repeat itself, we can learn from and find comfort in the historical data.<\/p>\n

Bottom Line<\/strong><\/h3>\n

There\u2019s no doubt everyone remembers what happened in the housing market in 2008. But you don\u2019t need to fear the word recession<\/em> if you\u2019re planning to buy or sell a home. According to historical data, in most recessions, home price gains have stayed strong, and mortgage rates have declined.<\/p>\n

If you\u2019re thinking about buying or selling a home, let\u2019s connect so you have expert advice on what\u2019s happening in the housing market and what that means for your homeownership goals.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we\u2019ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there\u2019d be a recession by now. But this July, when polled, 49% believe we will see a […]<\/p>\n","protected":false},"author":1,"featured_media":4296,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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":[1],"tags":[54],"class_list":{"0":"post-4295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nWhat Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"According to a recent survey from the Wall Street Journal, the percentage of economists who believe we\u2019ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there\u2019d be a recession by now. But this July, when polled, 49% believe we will see a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-16T10:00:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/15125123\/20220816-KCM-Share-549x300.jpg\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/\"},\"author\":{\"name\":\"Scott\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"headline\":\"What Would a Recession Mean for the Housing Market?\",\"datePublished\":\"2022-08-16T10:00:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/\"},\"wordCount\":465,\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\",\"keywords\":[\"100% financing\"],\"articleSection\":[\"Local Info\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/\",\"name\":\"What Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\",\"datePublished\":\"2022-08-16T10:00:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1\",\"width\":549,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/what-would-a-recession-mean-for-the-housing-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Would a Recession Mean for the Housing Market?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\",\"name\":\"NWI Loan Guy Blog\",\"description\":\"Home Loans and Mortgage Refinances in Indiana and Illinois\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\",\"name\":\"Scott\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"caption\":\"Scott\"},\"sameAs\":[\"http:\\\/\\\/www.nwiloanguy.com\",\"https:\\\/\\\/www.facebook.com\\\/NWIHomeLoans\",\"https:\\\/\\\/x.com\\\/loan_guy\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/","og_locale":"en_US","og_type":"article","og_title":"What Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog","og_description":"According to a recent survey from the Wall Street Journal, the percentage of economists who believe we\u2019ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there\u2019d be a recession by now. But this July, when polled, 49% believe we will see a […]","og_url":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/","og_site_name":"NWI Loan Guy Blog","article_publisher":"https:\/\/www.facebook.com\/NWIHomeLoans","article_author":"https:\/\/www.facebook.com\/NWIHomeLoans","article_published_time":"2022-08-16T10:00:26+00:00","og_image":[{"url":"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/15125123\/20220816-KCM-Share-549x300.jpg","type":"","width":"","height":""}],"author":"Scott","twitter_misc":{"Written by":"Scott","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#article","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/"},"author":{"name":"Scott","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"headline":"What Would a Recession Mean for the Housing Market?","datePublished":"2022-08-16T10:00:26+00:00","mainEntityOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/"},"wordCount":465,"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/08\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1","keywords":["100% financing"],"articleSection":["Local Info"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/","url":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/","name":"What Would a Recession Mean for the Housing Market?—NWI Loan Guy Blog","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#primaryimage"},"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/08\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1","datePublished":"2022-08-16T10:00:26+00:00","author":{"@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"breadcrumb":{"@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#primaryimage","url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/08\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1","contentUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/08\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1","width":549,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/nwiloanguy.com\/blog\/what-would-a-recession-mean-for-the-housing-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nwiloanguy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What Would a Recession Mean for the Housing Market?"}]},{"@type":"WebSite","@id":"https:\/\/nwiloanguy.com\/blog\/#website","url":"https:\/\/nwiloanguy.com\/blog\/","name":"NWI Loan Guy Blog","description":"Home Loans and Mortgage Refinances in Indiana and Illinois","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nwiloanguy.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e","name":"Scott","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","caption":"Scott"},"sameAs":["http:\/\/www.nwiloanguy.com","https:\/\/www.facebook.com\/NWIHomeLoans","https:\/\/x.com\/loan_guy"]}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/08\/20220816-KCM-Share-549x300-1.jpg?fit=549%2C300&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p65HxI-17h","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/4295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/comments?post=4295"}],"version-history":[{"count":0,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/4295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media\/4296"}],"wp:attachment":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media?parent=4295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/categories?post=4295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/tags?post=4295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}