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If you’ve been keeping an eye on the economy, you’ve probably seen the word “recession” popping up again. For many buyers and sellers, that brings a wave of uncertainty, and a big question: Should I wait to make my move?
You’re not alone. A recent survey by John Burns Research and Consulting and Keeping Current Matters shows 68% of people are delaying plans to buy or sell because of economic concerns. But not everyone is waiting because they’re worried. Many are holding off because they’re hopeful—hopeful that a recession might lead to better affordability and lower mortgage rates.
And they might be right about that part. During past economic slowdowns, mortgage rates have historically dipped, giving buyers a chance to lock in a lower payment. This could create opportunities, especially for those with limited down payments or tight budgets.
But What About Home Prices?
Here’s where many people’s assumptions go off track: the idea that a recession = lower home prices. That’s simply not what history shows.
According to data from Cotality (formerly CoreLogic), home prices actually rose in four of the last six U.S. recessions. The only sharp decline happened during the 2008 housing crash—an outlier driven by risky lending practices that no longer exist. Today, tight inventory continues to support home values, even in a shifting market.
As Navy Federal Credit Union’s Corporate Economist Robert Frick puts it:
“Hopes that an economic slowdown will depress housing prices are wishful thinking at this point.”
So if you’re sitting on the sidelines waiting for the perfect market, you may be waiting for a scenario that’s unlikely to arrive.
Why Buyers and Sellers Are Still Making Moves
At Evergreen Home Loans™, we understand how market conditions and personal circumstances collide. That’s why we offer solutions designed to create confidence, whether you're buying your first home, moving up, or navigating a competitive market.
Here’s how we help you move forward smartly:
- StepUp™: Buy before you sell—so you can move on your timeline, not the market’s. Our StepUp program helps you secure your next home before selling your current one.
- CashUp™: Compete like a cash buyer. We convert your financing into a cash-like offer to help you win in competitive bidding situations.
- Security Plus Seller Guarantee: For buyers working with sellers who want certainty, this program guarantees up to $5,000 to the seller if your loan doesn’t close as promised.*
- On Time and As Promised®: It’s more than a slogan, it’s our commitment. We work hard to ensure your loan closes smoothly, on time, and with no surprises.
- Local, Personalized Support: You won’t find a call center here. Evergreen Loan Officers are real people, in your community, who are committed to helping you succeed.
It’s tempting to wait for the “perfect” market. But real estate isn’t one-size-fits-all, and trying to time the market often means missing out.
If mortgage rates drop during a slowdown—but home prices remain steady or even rise—you could still end up paying more by waiting. And if rates don’t drop as expected, the opportunity cost grows even bigger.
Let’s talk about your goals, your finances, and your timing. We’ll help you create a plan that works, no matter what the headlines say.
Connect with your Evergreen Loan Officer today and take the next step toward homeownership with clarity and confidence.
