Industry News

Five tips for buying during a downturn

Photo by Jennifer Grismer on Unsplash


Money | Brad Tuttle

The economy is in dire shape, many fear we’re already in a recession, and home prices are still sky high. But none of that means you should automatically give up on your dreams of buying a home.

[…] But should you walk away from a home purchase altogether? Maybe not.

“I think a recession can be a good time to buy,” says Melissa Cohn, regional vice president at William Raveis Mortgage. After all, she says, when you find the right house at the right price, it’s always a good time to buy.

Keep reading: Why a Recession Could Help Homebuyers — Plus 5 Tips for Buying During a Downturn

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