A Recession Doesn’t Mean a Housing Crisis

In this Article...

As talk of a potential recession looms, many in Charleston are concerned about its impact on the housing market. However, history shows that a recession does not necessarily lead to a housing crisis. Unlike 2008, home prices often hold steady or even rise. For guidance, consider reaching out to Charleston Home.

A Recession Doesn’t Mean a Housing Crisis

Some Highlights

• There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us.
• While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and tend to fall. 
• If you have questions about buying or selling a home in today’s market, connect with a real estate agent.