Should you buy a house now?

Should you buy a house during a recession?

Key takeaways:

• Recessions can be a good opportunity for would-be homeowners to secure some real estate
• But this isn’t a traditional recession, if we can call it that, and buyers face high interest rates on mortgages and lack of supply
• A home is a long-term investment, so timing the market isn’t always the best move
• Recessions are not a lot of fun in general, but there are some investment opportunities off the back of them, one of them usually being property. If it’s the right time for you to consider buying a home, you might be keeping a close eye on the housing market.
• The problem is the housing market isn’t playing ball right now thanks to a few unique circumstances causing a perfect storm. We’ve made the case for and against buying a home right now, that can give you some steer on whether this asset class could be the best move for you.