Americans are increasingly concerned about the economy, according to a new survey from the National Association of Realtors’ consumer website. Survey results show 63.4 percent of home shoppers feel there will be a recession at some point in the next year – the highest level since 2019. But economic uncertainty may not be bad news for buyers. “Confidence in the economy has clearly taken a hit amid ongoing headlines around trade, tariffs, and rate uncertainty,” Danielle Hale, the website’s chief economist, said. “But while concerns are definitely present, some buyers anticipate that a downturn can bring opportunity.” Among survey respondents, 30 percent felt that way, saying a recession could make them more likely to buy a home due to a belief that a downturn could lead to better affordability conditions, including lower rates and softer home prices. Potential buyers were more concerned about the limited inventory of homes for sale, which they cited as their biggest barrier to buying. (source)
