As a realtor, I'm often asked whether a recession will lead to a crash in the housing market. The answer is NO!
While it's true that recessions can lead to declines in home prices, this doesn't necessarily mean that there will be a crash. A crash occurs when prices plunge suddenly and dramatically, which is NOT what typically happens during a recession. Instead, prices tend to fall gradually over time.
So while a recession will put an end to the red hot market we have been seeing, it doesn't necessarily mean that there will be a crash. If you have any questions or want to learn more about the current market, let’s chat!
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If you are looking to buy or sell in the Bay Area, text or call me today at 408-547-4590!
You can also visit us at https://www.homesbyspencerhsu.com/
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