Leslie Zaletel at Intero Showcase

Many people fear the stock market volatility from the pandemic is going to cause another recession. Whether or not that happens, it’s important to remember one very important thing: A recession does not equal a housing crisis or crash like we saw in 2008.... A recession doesn’t even mean that home prices will depreciate. If you look at the above graph, you’ll see that in the five most recent recessions, only two of them saw values decline. While we may not know what the future holds, if you are pausing on buying or selling a home because you think a recession will cause another housing crisisthey’re not the same thing, and you could be missing out on today’s record-low mortgage rates. Sincerely, your trusted real estate advisor.

This is a perfect time to get pre approved to buy your home. Don't let the at home quarantine slow you down. Take advantage of this time to get your ducks in order so we can see houses as soon as the quarantine is lifted. I'd be happy to recommend a couple local lenders if you need one. Stay safe! homesbylesliez.com

Open House 3/7/20 11-2:00 757 Rice Way, Yuba City... 3 bedroom 1.5 baths $235,500 530-635-0111 DRE#01967174

Market Update for February in Yuba City.