A recession does NOT mean lower home prices

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If you're wondering what a potential recession could mean for the housing market, these numbers are a great indicator. The only time in the past 45 years when home prices dropped significantly during a recession was 2008, but that recession was caused by an over supply of housing and mortgages (which caused housing prices to drop and that lead to the recession). Unlike 2008, we currently have an estimated shortage of 4 million homes. It's a very different housing market than 2008!

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