More than half of homebuyers are worried that a recession is on the horꩲizon. But for some, an economic downturn could be the perfect homebuying oppoꦛrtunity.

About than 60% of potential homebuyers in Realtor.com's quarterly survey said they see a 澳洲幸运5开奖号码历史查询:recession coming within the year. However, nearly 30% of them think an economic downturn would make it easier for them to 澳洲幸运5开奖号码历史查询:buy a home.

“While concerns are definitely present, some buyers anticipate that a downturn can bring opportunity,” said Danielle Hale, ch⭕ief economist at Realtor.com.

They see key homebuying incentives during a recession, including 澳洲幸运5开奖号码历史查询:mortgage rates that are likely to be lower than current levels, as well as less c💙ompetition from other buyers.

The survey showed that homebuyers are often more concerned about their own financial situation than the overall economic conditions. More than 54% said that a recession would not impact their homebuying decisions, while only 15% said an economic downturn would deter them from purchasing ꩲa home. 

“Well-prepared buyers who have been waiting on the sidelines are likely motivated by personal and lifestyle needs like growing families, new jobs, or retirements," Hale said. "And these considerations can outweigh short-term economic uncertainties,”

Homebuyers See Lots of Hurdles Right Now

While a worsening economy could create challenges, the survey showed that potential buyers are alꦺready having a difficult time under current economic conditions. 

They said the biggest obstacle was the limited number of available properties to choose from—44% cited limited inventory as a major concern. 澳洲幸运5开奖号码历史查询:Available home listings have improved recent🀅ly, but they were still more than 16% below the historical average. Budgetary constraints were a top concern for 36% of buyers, while others said credit availability and mortgage qualifications were big challenges.

However, many homebuyers didn't mention competition from other buyers. Only about 8% said that tough bidding was hurting their homebuying efforts.

“This trend aligns with increased time on market, a moderate rise in listings, and more stable pricing; all of which point to a slower, less stressful home search experience,” the report said.