Join BiggerPockets for FREE 👇
link
Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”:
link
Sign Up for the On the Market Newsletter:
link
Find an Investor-Friendly Agent in Your Area:
link
What the Last Six Recessions Say About Today’s Housing Market:
link
Connect with Austin:
link
What happens to home prices in a recession? Surprisingly to many Americans, not all recessions result in a major home price crash like 2008. The difference is the TYPE of recession that hits; all three of the most common recession types have different effects on real estate. So, where are we trending with historically high stock prices, 6% - 7% interest rates, and lots of geopolitical conflicts?
Austin Wolff, On the Market’s go-to data scientist, worked through data from the past six recessions to see whether there was a common trend with home prices. From the Stagflation Era to the Dot-com bubble and into the pandemic, home prices fluctuate with the greater economy but only sometimes fully crash, while at other times, stay relatively stable.
Could a new recession, combining tightened monetary supply, an asset bubble, and a wild card “shock” be in our future? If so, what should investors do now? Austin is sharing his thoughts on the data.