:max_bytes(150000):strip_icc()/INV_HouseforSale_GettyImages-1229723653-77b84ff9c9cb4f4189cfb59c1dcd61d6.jpg "Recession & Homebuying: Is Now a Good Time to Buy?")
Recession & Homebuying: Is Now a Good Time to Buy?
- A recent Realtor.com survey indicates that a majority of potential homebuyers are bracing for a recession.
- the survey found that more then 60% of respondents anticipate an economic downturn within the next year.
- Danielle Hale, chief economist at Realtor.com, noted that while concerns exist, some buyers foresee opportunities in a downturn.
recession Could Open Doors for Homebuyers, Survey Suggests
Updated May 25, 2025
A recent Realtor.com survey indicates that a majority of potential homebuyers are bracing for a recession. Though, some see a silver lining: an opportunity to enter the housing market.
the survey found that more then 60% of respondents anticipate an economic downturn within the next year. Interestingly, almost 30% believe this could make buying a home easier.The prospect of lower mortgage rates and less competition are key factors driving this optimism.
Danielle Hale, chief economist at Realtor.com, noted that while concerns exist, some buyers foresee opportunities in a downturn.
The survey also highlighted that individual financial situations frequently enough outweigh broader economic worries.Over half of those surveyed, 54%, said a recession wouldn’t change their plans to buy a home, while only 15% said it would deter them.
Hale added that many buyers are driven by personal needs such as growing families or new jobs, which can overshadow short-term economic uncertainties.
Current hurdles for Homebuyers
Even without a recession, potential buyers face significant challenges. The most common obstacle, cited by 44% of respondents, is the limited number of homes available. While listings have improved recently, they remain more than 16% below historical averages. Budgetary constraints were a major concern for 36% of buyers, while others pointed to credit availability and mortgage qualifications.
Notably, only 8% of those surveyed mentioned competition from other buyers as a significant hurdle.
The report suggests that increased time on the market, a moderate rise in listings, and more stable pricing are contributing to a less stressful home search experience.
What’s next
As economic conditions evolve, potential homebuyers will need to weigh the risks and opportunities carefully. Those with stable finances and long-term goals may find that a recession provides a chance to achieve their dreams of homeownership.