Home prices in a recession

Home prices will likely continue to grow in most markets but at a slower pace.

If a recession is on the horizon for 2022-23, it could mean the housing market is bracing for a cool down after years of hot demand driving prices higher — but that doesn’t mean homeownership will become more affordable for prospective buyers.

“If the economy were to weaken or a recession were to hit, that would further weaken demand,” and it could lead to a deceleration in price growth.

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