With all the uncertainty surrounding economic conditions, such as tariff concerns and recession worries, many potential homebuyers are wondering if now is the right time to buy. There's a common thought that timing the housing market can yield better results, but historically, this isn't always the case.
Matt Pell, Loan Officer at Cross Country Mortgage, provided valuable insights on this topic. According to Pell, home values generally perform well during and after recessions. The primary reason is that recessions often lead to lower interest rates. Lower rates mean that mortgages become more affordable, prompting more people to buy homes. This increased buyer activity typically leads to higher home prices.
Take a look at the chart below, sourced from MBS Highway and Case-Shiller data, which clearly illustrates this trend:
You'll notice that, with the exception of the unique circumstances of the 2008 housing crisis, home values have consistently increased during and after recessionary periods since 1975.
What does this mean for you as a potential homebuyer? Rather than waiting and trying to "time" the market perfectly, you might consider taking advantage of the favorable conditions available now.
If you're thinking about buying a home or would like more guidance on understanding market conditions, please reach out. Our team at Treeline Realty is here to help you navigate your home-buying journey confidently.
If you have any questions about financing or want to explore your mortgage options, Matt Pell is a fantastic resource—knowledgeable, approachable, and here to help you every step of the way!
📞 Matt Pell, Senior Loan Officer
📱 239.292.0654
🌐 ccm.com/matt-pell
✉️ matt.pell@ccm.com
🏢 CrossCountry Mortgage, LLC
8270 College Parkway, Suite 201, Fort Myers, FL 33919
NMLS #1018529 | Branch NMLS #2425927 | Company NMLS #3029