Are we headed into a recession? Many economists believe we’ll see a recession in the next 12 months. What does that mean for the housing market? Will the housing market be impacted like it was back in 2008? Should someone delay their plans of homeownership if we are headed into a recession?
Check out this great article which outlines the historical data of the last 6 recessions, and how the historical data may impact rates and buying power.
https://www.keepingcurrentmatters.com/2022/08/16/what-would-a-recession-mean-for-the-housing-market/
At Luminate, we’re illuminating different strategies on how to navigate the housing market. As the market continues to change, rest assured that we will always have flexible buying options to help borrowers get into the home of their dreams. Are you ready?
Contact us today to learn more! Ready to get started? We’re here to help!
Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com
Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com