While no one can truly predict market cycles, historically, every 10 years we head into a recession phase. Acting as a catalyst is the COVID-19 pandemic. Its impace on the stock market took less than 1 month and was unprecedented:
- Highest ever seen stock market sell-off
- Increasing rate of home sellers pulling out of the market
But there isn't always a correlation between a recession and a housing crisis. Fewer loams are being made available to home buyers, which could push the prices lower. Instead of fearing short-term uncertainty, use this time to invest:
- Mortgage rates are unbelievably low
- Many sellers are willing to negotiate
Focus on the long run and you'll more than likely do well.