There’s an economic indicator that is flashing a recession warning and no one is talking about it. ⚠️⚠️
Now this is where you may be wondering, will a recession make home prices cheaper.
Recessions sound scary but they can also be short and mild. Unemployment goes up a bit and consumer spending goes down. ↕️↕️
In the last 6 recessions, home prices only crashed once. That’s because every other recession other than 2008, real estate has been a safe place to invest your money long term. In a normal recession, the only thing that goes down is the seller’s ability to raise home prices.
And this is where smart investors use this as a time and opportunity to buy more property.
#finance #financetips #newhome #firsttimebuyer #realestate #realtor #realestateagent #newhouse #economy #recession
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Chris Madden
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315-698-1610
cmadden@homesteadfunding.com
Website: www.thechrismaddenteam.com
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