10/18/2019
“It is true that home values sank by almost 20% during the 2008 recession. However, it is also true that in the four previous recessions, home values depreciated only once (by less than 2%). In the other three, residential real estate values increased by 3.5%, 6.1%, and 6.6%.”
Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one.