Facts Not Fears: Recessions Are Friendly To Real Estate

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476

Recessions Are Friendly To Real Estate

Good for real estate and great for buyers (and then by default sellers too)!

People are talking about a potential recession in this country and while I can’t tell you when, or even if a recession will take place, (it may have already begun), many experts are calling for a short, mild recession by the end of the year.

You’ll be surprised to know that it may mean good things for real estate !

Did you know rates fell in each of the last six recession in this country?

That means historically in a recession rates have come down!

But, that also means timing is essential, for when the general public decides it's "safe" to buy, they bidding wars and price increases will explode like 2021. Here's a little secret: buy smart, not safe.

If the higher mortgage rates of today have you questioning your homebuying plans you don’t need to fear the word recession when it comes to buying home.
I'm sure you have questions, so let’s connect!

While there is no such thing as perfect advice; I follow what the experts and the data are saying to provide you with the best advice possible so give me a call and I look forward to talking to you about the real estate market. I can also connect you to the best lender I know, like and trust: Jason E. Gordon to give you a more detailed explanation of why this is fact (not fears).

Talk soon!

Posted by


Thomas J. Nelson
REALTOR®, CRS, RCS-D, CDPE, e-Pro, Certified Military Home Specialist, Luxury Home Specialist, Author, Keynote Speaker and  Podcast Host 

Serving Coastal San Diego from Carlsbad to Coronado, Downtown, Balboa Park Area,
La Jolla/UCSD & Mission Bay Park Areas
I Offer Rebates to Veterans
& Active Duty

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.

Comments (10)

Jason E. Gordon
CMG Mortgage, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

True professional Realtors (like yourself) are demonstrating leadership amidst the economic uncertainty. I agree with all of the facts articulated in this article. Nice job

May 28, 2023 11:39 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Thank you my friend! Jason E. Gordon 

May 28, 2023 01:11 PM
Charles Ross - (785)-819-6944
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent information.Thank you for sharing. Have a wonderful day and a blessed weekend.

May 29, 2023 03:48 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Good point and excellent video. Recession doesn't have to be a fearful event.

May 29, 2023 05:41 AM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

As you said, timing is everything. When recession hits, those who have availability of cash or loans will get the deals.

May 29, 2023 06:46 PM
Gregory Manns
HomeSmart Elite Group - Palm Springs / La Quinta, CA - Indio, CA
Palm Springs Area Realtor with HomeSmart Elite

Wonderful information. I am confident your customers appreciate your fact based guidance you provide. Wishing you much continued success.

May 29, 2023 08:17 PM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

It depends on the circumstances and the opportunity cost to make a purchase, your cash flow and debt service situation. Fear should not an issue when it comes to purchasing a tangible or intangible product or service. 

May 29, 2023 11:51 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I do not really listen much to the experts.  The last thing I remember them telling us it that inflation will be transitory.  If we do have a recession, though, I do agree that it is a great time to buy.  My best purchases ever were during the Great Recession. 

I really enjoyed your video!

May 30, 2023 08:48 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Good points in this blog and enjoyed your video.  Keep up the good work!

May 30, 2023 05:11 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Thanks Ray Henson - I do trust my experts like Barry Habib of MBS Highway and Dr. Lawrence Yun of NAR and double check always with Jason E. Gordon - but I understand your caution.

May 31, 2023 08:32 AM
Ray Henson

I do have a few I trust, Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets.  I just try to stay on an even keel.  This has been a strange year with rates rising so fast.  It is a lot for our economy to go through.  I do agree with you, though, by the time everyone feels safe again, there likely will be a lot of buyers out there competing again.   

May 31, 2023 02:27 PM