A Recession Does Not Equal a Housing Crisis. Here are (National) housing numbers of a few recessions.  The Northern Colorado Market performed much better than the neational average in that downturn.

A Recession Does Not Equal a Housing Crisis | MyKCM

Some Highlights

  • The COVID-19 pandemic is causing an economic slowdown.
  • Home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
  • All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.
  • It is too early to tell the total effect on the economy and housing from Covid19.