Will a recession make home prices cheaper in Colorado?

Greg Myers discusses questions about "Will A Recession Lower Home Prices?"

Will a recession make home prices cheaper in Colorado?

Yes, but there's a secret that very few people are actually talking about.

You see, a recession cools off buyer demand, making it easier for a buyer in the game to get a deal.

In the last six recessions, home prices have only crashed once.

So other than 2008, real estate has actually been a very safe place to invest.

In a normal recession, the only thing that goes down is the seller's ability to keep raising home prices. All the smart investors know that home prices will cool off, but are not waiting for them to crash.

Greg Myers - Real Estate Broker - Investor.
Castle Rock, Colorado.
www.gregmyers.org
www.herocolorado.org
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