Are vacation homes more susceptible to price drops during a recession?

We examine a panel of quarterly state- level data on house prices, mortgage debt, and employment along with a measure of banking distress. Then exploiting both ... Apr 4, 2025 ... Historically, home prices don't actually fall much during recessions. The 2008 housing crash was the exception, not the rule. What we'll ... Mar 19, 2025 ... Neither of those scenarios is similar to what home buyers could face today if a recession happened. The housing market has been facing two years ... This could cause property prices to drop, especially since the market conditions are similar to those of the previous recession. A decrease of 10% or more is ... Apr 14, 2025 ... Historical data reveals that recessions often lead to house price corrections, but the magnitude varies. Apr 17, 2025 ... Historically, home prices don't actually fall much during recessions. The 2008 housing crash was the exception, not the rule. What we'll ... And because the financial system had been integral to the housing boom, it was highly exposed to the housing market, whose downturn would prove to be so severe ... Feb 15, 2024 ... A recession typically means that interest rates will fall to make it easy to borrow money and credit in a way that should help encourage spending. Jul 8, 2024 ... Some people thought I was crazy when I argued house prices would fall 40%+ in some areas, but that is what happened. I also called the ... Aug 6, 2022 ... Although interest rates for mortgages may be higher, the general consensus appears to be that the overall reduction in house price justifies ...