There’s been a lot of talk lately about the possibility of a recession — and naturally, people are wondering what that means for the housing market here in New Orleans and beyond.

The good news? History tells a different story than the headlines. This 45-second video from Keeping Current Matters shows that in past recessions, home prices have often gone up — and mortgage rates tend to come down.

It’s a quick watch, and worth a look if you’re trying to make smart decisions in today’s market. If you’re thinking about buying or selling and want to understand how these trends might impact your plans, I’d be happy to talk. Let’s make sense of it together.

Data Sources

• http://www.freddiemac.com/pmms/
• https://mtg-specialists.com/2022/05/11/recession-interest-rates-and-real-estate/
• https://www.corelogic.com/blog/2019/03/housing-recessions-and-recoveries.aspx
• https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011
• https://dfdnews.com/2022/02/02/corelogic-hpi-posted-record-year-over-year-growth-in-2021/