Most Experts Aren’t Expecting a Recession: What Homebuyers Need To Know Right Now

When you’re thinking about buying a home, it’s almost impossible not to keep an eye on the economy. After all, a house isn’t just another purchase—it’s the purchase. And when headlines start throwing around the word “recession,” it can make even the most confident buyers start second-guessing everything.

But here’s the twist most people don’t expect: while a big chunk of Americans are bracing for a recession, the experts… well, they’re not nearly as worried.

In this guide, we’ll break down what’s really going on, why experts believe things may not be as gloomy as they seem, and how you can make a smart, confident homebuying decision—even in uncertain times.

Why Many Americans Expect a Recession (But Experts Don’t)

It’s no surprise people feel on edge right now. In a recent LendingTree survey, almost two out of three Americans said they believe a recession is coming soon. And get this—74% say the fear of a downturn is affecting their financial decisions.

So the concern is real.

But according to an October analysis from the Wall Street Journal, economists don’t share that same level of worry. In fact, only 1 in 3 experts surveyed think there’s a chance we’ll hit a recession within the next year.

So what gives? Are buyers overreacting? Or are economists missing something?

Well, the truth sits somewhere in the middle. We’re not in a recession right now, and there’s no guarantee we’re heading into one. What we do have is uncertainty. And uncertainty can feel uncomfortable—but it doesn’t mean you should pause your life.

When making major decisions—like buying a home—facts matter more than fear.

Should You Still Buy a Home During Economic Uncertainty?

Here’s the golden rule: your real-life needs matter more than any breaking news headline.

Think about it. People buy homes because their family is growing… or they’re starting a new job… or they want to retire somewhere quieter. Those reasons don’t disappear just because the economy feels shaky.

Realtor.com Chief Economist Danielle Hale puts it perfectly:

“Well-prepared buyers who have been waiting on the sidelines are likely motivated by personal and lifestyle needs. And these considerations can outweigh short-term economic uncertainties.”

In simple terms? Life goes on. And if your life is telling you it’s time to move, that’s still valid.

But—there’s a “but”—you need to be financially steady. Not perfect, not rich… just steady.

If your job is stable and you’ve got a solid savings cushion, many experts say you don’t necessarily need to delay your homeownership plans.

Smart Homebuying Tips When the Economy Feels Unsteady

If you're considering buying now, there are definitely ways to protect yourself and make a smart move. Here’s what economists at Redfin and other experts recommend:

1. Create a Budget—And Actually Stick To It

Sounds simple, right? But in a shifting market, this becomes non-negotiable.

You’ll want to ensure:

• Your monthly payment fits comfortably within your income

• You’re prepared for rising costs like property taxes or insurance

• You’re not draining every dollar of your savings just to close

Think of it like building a boat: you don’t want one wave to sink you.

2. Use Your Negotiating Power (You May Have More Than You Think)

With more homes for sale and some buyers stepping back because of recession fears, the playing field is leveling. That means:

• More time to make offers

• More room to negotiate

• More opportunities to ask for repairs, closing credits, or a lower price

A calmer market can actually give buyers the advantage they’ve been waiting for.

3. Be Strategic With Your Mortgage Rate

Talk to multiple lenders. Compare options. Ask questions like:

• What payment can I comfortably afford today?

• What happens if rates drop later—can I refinance easily?

• Are there programs that lower upfront costs?

Your lender should be helping you plan, not just offering numbers.

4. Consider Selling First (If You Already Own a Home)

Buying before selling sounds nice… until the pressure hits your wallet.

If you sell first:

• You know exactly what your budget is

• You avoid juggling two mortgages

• You remove unnecessary stress

Sometimes the simplest path is the safest one.

5. Lean on a Trusted Real Estate Agent

This is especially important when the economy is unpredictable.

As Bankrate puts it:

“Buying a home during a recession can sometimes be a good idea – but only for people who are financially stable. Be sure to enlist the help of an experienced local real estate agent… they’ll work to get you the best deal in any situation.”

A good agent knows the market better than any headline—even better than most economists. They’ll guide you, protect you, and help you navigate every twist and turn.

Bottom Line: You Don’t Have To Put Your Homeownership Plans on Hold

Here’s the truth:

• Most Americans think a recession is coming.

• Most experts don’t.

So who should you listen to?

Listen to your financial reality. Your job stability. Your savings. Your needs. Your goals.

If your foundation is strong and you have a genuine reason to move, you don’t need to wait for perfect economic conditions—because perfect conditions rarely exist.

The real question is:

What’s holding you back from taking the next step?

If you want help thinking it through, I’m here. Let’s talk about your goals, your concerns, and your options—so you can make a move that truly makes sense for you.