Recession and Housing Markets

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In recessions housing prices often fall so homes become more affordable. However we all know what happened in 2008 / 2009 when homes became too cheap. They do not cover the credit risk any more. In addition the recession in the US could mean a weaker USD especially if there is even more quantitative easing. This means basically that the ordinary people in the US have something similar to a cut in their salary. I think there is a serious risk that we have another housing crises similar to 2008 / 2009 in addition to eventually a credit loan obligation (CLO) crisis.

It is not wise to buy a house in the US in the current situation. Housing prices may fall so I think you should currently wait for buying a new home.

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