Recession does NOT mean Housing Market Crisis




๐€ ๐ซ๐ž๐œ๐ž๐ฌ๐ฌ๐ข๐จ๐ง ๐๐จ๐ž๐ฌ ๐๐Ž๐“ ๐ž๐ช๐ฎ๐š๐ฅ ๐š ๐ก๐จ๐ฎ๐ฌ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐œ๐ซ๐ข๐ฌ๐ข๐ฌ.โ  โ 

We've been getting a lot of questions lately (from customers, on social media, etc) about how the drop in the stock market, and the recession that results, could potentially affect the housing market.

It is one of our greatest responsibilities - keeping you informed of what is happening in the real estate market. So here is the what we know...โ  โ  We're thankful to report that we believe the housing market will spring back nicely after the Covid crisis passes. โ  โ 


๐๐ฎ๐ญ ๐๐จ๐ง'๐ญ ๐ฃ๐ฎ๐ฌ๐ญ ๐ญ๐š๐ค๐ž ๐ข๐ญ ๐Ÿ๐ซ๐จ๐ฆ ๐ฎ๐ฌ! (Take a look at the video for more info!)โ 

Most people, when they hear recession, think of the Housing and Mortgage crash in 2008. We get it - it's super close in the rearview mirror, and it's hard to forget what a tumultuous time in our nation's history that was. In that case, yes, a stock market crash and recession DID include a housing market crisis.

However, let's look a little further back.โ  โ  In 3 of the last 5 recessions, housing values actually APPRECIATED. So while the economy was experiencing a recession, housing prices were actually going UP.โ  โ  โ 

๐“๐ก๐š๐ญ'๐ฌ ๐ฉ๐ซ๐ž๐ญ๐ญ๐ฒ ๐ž๐ฑ๐œ๐ข๐ญ๐ข๐ง๐  ๐ง๐ž๐ฐ๐ฌ!โ 

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RE/MAX CSI - 1720 Washington Road, Pittsburgh, PA 15241 - O:  412.833.0900 - C:  724.422.3132 - E:  shelley.killinger@comcast.net

The Shelley Killinger Group @Re/Max CSI

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C:  724-422-3132

O:  412-833-0900

E:  shelley.killinger@gmail.com

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