Housing Market Declined Many Times…
But Here’s What No One Tells You:
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In 1980–82, mortgage rates soared to 18%, but home values kept climbing.
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In 1990–91, home prices dipped during a recession, then recovered to new highs.
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In 2008, the housing market fell by 30% nationally, yet today’s prices are more than double.
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In 2020, during the pandemic, predictions of a housing crash were wrong —home prices hit record highs.
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In 2023, higher mortgage rates slowed sales, but home values nationally remain near all-time highs.
After every downturn, housing reached new peaks.
If you had bought a median U.S. home in 1980 for ~$50,000, it would be worth over $400,000 today.
Time in the market beats timing the market.
