If you’ve been thinking about buying a home, you’re probably paying close attention to the economy. It’s completely understandable — purchasing a home is a major financial decision, and the constant buzz about a potential recession can make anyone hesitate.
According to a recent LendingTree survey, nearly two-thirds of Americans believe a recession is on the horizon, and roughly three-quarters say those concerns are affecting the way they handle their money. That uncertainty alone can make buying a home feel risky.
But here’s a different perspective worth considering: most economists don’t share that same level of concern.
Public Concern vs. Expert Outlook
A Wall Street Journal survey from October found that only about one-third of economic experts think we’re likely to enter a recession within the next year. In other words, while many consumers are bracing for a downturn, most economists don’t believe one is imminent.
The truth is, we’re not currently in a recession, and there’s no guarantee we’re headed into one. What we’re experiencing is uncertainty — and the best antidote to uncertainty is reliable information.
Buying a Home in Uncertain Times
Economic headlines come and go, but the personal reasons people decide to buy rarely change. Danielle Hale, Chief Economist at Realtor.com, says many buyers are motivated by meaningful life transitions — expanding families, new jobs, retirement, or just wanting a lifestyle upgrade. These real-life priorities often outweigh short-term market concerns.
The most important factor right now? Financial stability.
If you feel confident in your job and income, and you’ve built a healthy savings cushion, buying a home today can still be a smart move.
Economists offer several key strategies for navigating the market:
Smart Tips for Buyers Today
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Create a realistic budget — and honor it.
Know what payment you’re comfortable with, including taxes and insurance, and leave room for unexpected expenses. -
Take advantage of negotiation opportunities.
Inventory has grown, and some buyers are stepping back. That can mean more leverage and better terms for those who stay in the market. -
Be intentional about financing.
Talk to lenders about rate options today and whether refinancing later could be beneficial if rates improve. -
If you’re selling too, consider selling first.
It can reduce pressure and help clarify your budget for your next home.
The Bottom Line
Even in uncertain economic times, buying a home can be a smart move — as long as you’re financially secure and guided by experts who understand the local market.
While many Americans expect a recession, most economists don’t. If your finances are solid and your life needs are driving a move, there’s no reason to wait. With the right preparation and a trusted team, you can move forward confidently.
Ready to talk strategy or explore your next move?
Reach out to the Vano Maurry Team for expert guidance, local insight, and personalized support — whether you’re buying, selling, or just exploring your options.
We’d love to help you build a plan that feels smart, secure, and aligned with your goals.
