Tony Rench Denver Realtor

Are you hearing all the talk about a recession and wondering what that would mean for the housing market? Here’s what the data tells us about every recession going back to the 1980s.
While everyone remembers 2008, what happened then wasn’t the norm. That was the only time there was a big drop in prices. It hasn’t happened since.
And mortgage rates? They usually come down – but don’t expect the return of 3%.
While the answer to the question of whether we’re headed toward a recession is uncertain, you don’t have to worry about what that would mean for housing.
What else are you hearing about the housing market that you’d like more information on? DM me or drop a comment below.



Provided to you by Vertical Home Group empowered by Rench Real Estate, Inc.

A Recession Doesn’t Mean a Housing Crisis

There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us. While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and mortgage rates tend to fall. If you have questions about buying or selling a home in today’s market, let’s have a conversation.



Provided to you by Vertical Home Group empowered by Rench Real Estate, Inc.

A Recession Doesn’t Mean a Housing Crisis There’s a lot of talk about a recession lately and how the odds of one are rising.

No matter what you may be hearing or seeing online, the fact that new construction has ramped up lately isn’t cause for alarm. Here’s why.
Nationally, builders aren’t overbuilding – they're just catching up.
Coming out of the housing crash, builders pulled production way back, and that led to a long period of underbuilding. You can see that in this data.
So, even though we’re building more homes right now than we have in the last few years, there’s still a significant gap to make up after not building enough homes for over a decade.
But like anything else in housing, this varies by area. Some places will have more newly built homes, and others will have fewer.
Want to know what’s happening in our local market? DM me.



Provided to you by Vertical Home Group empowered by Rench Real Estate, Inc.