Real Estate - in a Recession 🏡 💥 #mortgagerates #interestrate #recession #realestate

Should you look at buying a house knowing that we're probably headed into a recession? More and more indicators are showing the US Is probably headed into a recessionary time. Consumer savings used to be nearly 8% back in early 2020. It was down to 5% earlier this year and now we're down around 3%. When you compare that to.0708 when we had the Great Recession, people were only saving about 2% of their incomes. We're kind of trending in that direction. People are saving less, accumulating more credit card debt that leads to a recession. But home values are on pace to set another record high month after month for the whole year. We're on pace to gain 6 to 8% in home values during a very tough market. We know what happens when a recession hits. Mortgage rates go down, making it more affordable to buy a house. Home values will then further explode. So probably the safest investment during a recession is real estate.