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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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The One Thing Every Homeowner Needs To Know About a Recession

 

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

The National Bureau of Economic Research (NBER) defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

To help show that home prices don’t fall every time there’s a recession, take a look at the historical data. There have been six recessions in this country over the past four decades. As the graph below shows, looking at the recessions going all the way back to the 1980s, home prices appreciated four times and depreciated only two times. So, historically, there’s proof that when the economy slows down, it doesn’t mean home values will fall or depreciate.

The One Thing Every Homeowner Needs To Know About a Recession | Simplifying The Market

The first occasion on the graph when home values depreciated was in the early 1990s when home prices dropped by less than 2%. It happened again during the housing crisis in 2008 when home values declined by almost 20%. Most people vividly remember the housing crisis in 2008 and think if we were to fall into a recession we’d repeat what happened then. But this housing market isn’t a bubble that’s about to burst. The fundamentals are very different today than they were in 2008. So, we shouldn’t assume we’re heading down the same path.

Bottom Line

We’re not in a recession in this country, but if one is coming, it doesn’t mean homes will lose value. History proves a recession doesn’t equal a housing crisis.

 

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
8884 Cypress Preserve Place Fort Myers FL 33912
New Listing - 17 minutes on site
1 / 33
$498,000
3
BEDS
2
TOTAL BATHS
2,006
SQFT
8884 Cypress Preserve Place Fort Myers, FL 33912
Single Family Residence For Sale
- Active

Beautiful 3 bedroom 2 bath plus a large den/office with a murphy bed and a solar heated pool in South Fort Myers. Open floor plan with plenty of room for entertaining. Eat in kitchen area is currently being used an a play room. A/C 2017, exterior pai

Listing courtesy of Joyce Pepin of Pepin Realty Inc
2545 S Atlantic Avenue 1005 Daytona Beach Shores FL 32118
New Listing - 4 hours on site
1 / 54
$499,000
2
BEDS
2
TOTAL BATHS
1,363
SQFT
2545 S Atlantic Avenue 1005 Daytona Beach Shores, FL 32118
Condominium For Sale
- Active

RARE OFFERING AND OPPORTUNITY TO OWN A ONE-OF-A-KIND FULLY FURNISHED OCEANFRONT HOME IN THE SKY! 10 floors above the Daytona Beach Shores Skyline this DIRECT OCEANFRONT CONDOMINIUM HOME WILL TRANSPORT YOU TO PARADISE! REMODELED AND DECORATED BY WALLE

Listing courtesy of Sandra Cook of Realty Pros Assured
24 Gale Lane Ormond Beach FL 32174
New Listing - 4 hours on site
1 / 51
$436,000
3
BEDS
2
TOTAL BATHS
2,118
SQFT
24 Gale Lane Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Plantation Bay - Corner Lot on the Golf Course! Beautifully positioned on a spacious corner lot overlooking the 13th hole of the Founders Course, this meticulously maintained 3-bedroom, 2-bath home offers 2,118 sq ft of comfortable living in one of

Listing courtesy of Tracey Klein of Florida Homes Realty & Mortgage

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DOWNLOAD MY LATEST REAL ESTATE GUIDES

  

Related posts:

  1. Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
  2. A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]
  3. Recession? Yes. Housing Crash? No.
  4. 3 Reasons This is NOT the 2008 Real Estate Market

Posted in: Blog, For Buyers, For Sellers, Housing Market Updates

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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