The current state of the housing market is vastly different from that of 2008. The housing crisis of that time was a result of a combination of factors, including cheap debt, questionable lending practices, and financial maneuvers that led to many borrowers being stuck with unaffordable mortgages.

However, taking a step back from that event, it is apparent that home prices have appreciated in four of the last six recessions, with only two instances of slight declines - 1.9% in the early 90s and almost 20% in 2008.

It is essential to understand that not every recession leads to a housing crisis.

Therefore, if you are looking to buy, sell, invest, or flip, it is vital to focus on the facts and seek guidance from a knowledgeable agent who can help you make informed decisions in the current year.

Disregard the pessimistic viewpoints, assess the data, and find an agent who can help you navigate the housing market in 2023.