As home-buying specialists, we often hear clients say, “I’ll wait for the recession to hit—then I’ll strike.” But that timing strategy is often flawed. Here’s why:1. Recessions don’t guarantee big price dropsHistorically, nationwide recessions rarely trigger steep housing price declines. Some see only a modest dip,  but most recessions over the past 45 years still show price growth - depending on the region. (see chart below)  2. Interest rates and lending standards tightenWhile mortgage rates may eventually fall, banks often simultaneously raise credit thresholds during downturns. That means securing a loan can become more difficult—even for those with strong finances.3. Job and income instability loomRecessions bring heightened risk of layoffs and reduced income. Buying a home withou... 07/16/2025