What is the psychological impact of declining home values during a recession?

Jul 30, 2022 ... With the impending recession, are the people that bought houses at massively inflated prices now concerned? It's going to depend on the ... 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 ... Jul 6, 2020 ... The COVID-19 pandemic and recession will likely have a similarly significant impact on the domestic housing market. As discussed in our recent ... Recession arrived, home prices sank about 11%, sales activity plunged and the market stayed basically flat for 4 to 5 years. Still, even after the decline ... Mar 1, 2024 ... Interest Rates. When the stock market crashes or even ... It seems some people are in complete denial we are already in a recession. 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 ... Dec 20, 2024 ... Recessions may negatively affect home prices, making it more difficult for consumers to buy or sell. Flexible monthly mortgage payments may change, and retail ... Apr 9, 2025 ... What a recession would mean for home prices and sales ... By definition, a recession brings higher unemployment, increasing financial strain for ... Mar 11, 2025 ... The Great Recession lasted from 2007 to 2009, and it was extremely impactful on mortgages and the housing market because of the housing crash ... If, hypothetically, we do go into recession, we believe it is likely property prices will flatten out with the exception of a few key areas such as the Sunshine ...