History Proves Recession Doesn’t Equal a Housing Crisis
- It should be noted that history proves that an economic slowdown does not necessarily mean a housing crisis.
- In four of the previous six recessions, home values have actually appreciated. Home prices only dropped twice in the early 1990s and then by nearly 20% during the housing bust in 2008.
- If you have questions, connect with The Perreault Group to discuss updates in today's housing market.