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Why recession fears shouldn't derail your homebuying plans

The article from WJLA discusses why fears of a recession should not necessarily deter potential homebuyers from purchasing a home. It highlights that despite economic uncertainties, homeownership remains a solid long-term investment. The piece points out that interest rates, although higher than in recent years, are still relatively low historically, suggesting that waiting for a better time might not yield significantly better conditions. Additionally, the article notes that home prices may not drop substantially even during a recession, and buying a home can provide stability and potential equity growth over time. It also advises potential buyers to focus on their personal financial situation and long-term goals rather than trying to time the market, and to consider factors like job security and savings before making a decision.

Read the Full wjla Article at:
[ https://wjla.com/money/mortgages/why-recession-fears-shouldnt-derail-your-homebuying-plans ]