Home values typically not only hold well during recessions they tend to rise and (historically) go up more after recessions, in fact, almost every time, except one big downturn–2008. We will get into why 2008 is such an exception in another post.
Mortgage rates always come down in recessions. So, if we are heading into a recession or are in the beginning of one, it is time to take advantage of the current market. The market has cooled. Sellers are buying down interest rates, paying closing costs, reducing prices, accepting contingencies, paying for repairs, and more to put deals together. It is a great time to jump in and refinance when rates come down.
Hear it from an expert: