Recession = Real Estate Market Crash?

Will the Downturn in the Economy Affect the Housing Industry?

In the first half of this year, we have already seen a huge shift in the real estate market after the last few years that we’ve had. What does that mean for you and your home? And what about a looming recession?

Expert Opinions on the Real Estate Market and Inventory

Hey, it’s your favorite bearded realtor, Eren Millam with Premiere Property Group. Experts across the board do not believe we are in a bubble, and we have a lot of experts to bring to you today. Let’s dive right in.

Realtor.com states, “Experts don’t believe the market is in a housing bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider home ownership. That’s likely to keep prices high.” With millennials being the second largest generation we currently have, the increase in buyer demand that’s been driving a price increase is not a short term problem.

Inflation & Recession Concerns

Inflation and the possibility of a looming recession also appear to not be short term problems. But don’t let that scare you either. You can see below that recession does not equal a housing crisis or crash. More often than not, the housing market actually improved. 

So these fears are no reason to stay out of the market!  That’s what the future of the market looks like according to experts. , I’m Eren Millam with Premiere Property Group here to help with your home buying and selling needs. And remember, Extraordinary Service delivers Extraordinary Results.

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If you’re thinking of buying or selling your home in the west Lewis County area, contact me today! I’d love to hear from you! Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933

Chehalis, WA 98532 | Centralia, WA 98531 | Adna, WA | Napavine, WA | Onalaska, WA 98570 | Rochester, WA 98579 | Vader, WA 98593 | Winlock, WA 98596 | Boistfort, WA 

Call/Text: (360) 219-3616 | Email: Eren@LewisCountyHomes.com

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