Pros and Cons to Weigh When You Sell a House Before a Recession

An uncertain economy and concerns over growing federal debt have many homeowners asking the same question: Should I sell my house before a recession hits? Any major financial decision feels riskier when the market is sending mixed or frightening signals, especially one as significant as selling your home. The good news is that recessions don’t always affect housing the same way. While you may immediately think of the 2008 housing crash, that downturn was driven largely by problems within the housing and mortgage industries. Other recessions have had a much smaller impact on home prices, buyer demand, and mortgage rates. In other words, the answer to the “should I sell” question doesn’t have a universal yes-or-no response. How Much Is Your Home Worth Now? Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator. If you’re thinking about selling before a recession, it’s important to weigh your personal finances, local housing market, and future plans, and not base your decision solely on headlines. “While recession headlines continue to surface, the reality is that today’s economic ...