Don’t Wait for The Next Recession to Bring Lower Home Prices!

Recessions do not always lead to housing cris. So, if you’re waiting for the next recession to bring you down lower housing prices, it’s important you look at it historically to see what recessions has done to housing prices. We remember in 2008, home prices did drop by 20% due to the financial crisis. But if you look at the three prior recessions, for example, in 2001, the prices actually went up by 6%. In 1990, the prices did come down by 2%, but in 1981, prices went up by 6%. So don’t count on the next recession to bring down home prices.

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Shirin Rezania Ramos | 858.345.0685 | | Compass, DRE 0203379

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In California, Contingencies Stay Active Until The Buyer or Seller Removes Them in Writing.

Wed Sep 6 , 2023
California is an active contingency state. What does that mean? If you’re selling your house or buying a house, there are certain contingencies on your contract that you must meet […]

Shirin Rezania Ramos, Realtor®