AUSTIN, Texas — While talk of a recession usually results in a more conservative approach to big-ticket items, a new survey from Realtor.com shows nearly twice as many respondents (29.8%) would be likely to buy a home during a recession than would shy away for making a purchase (15.8%).
“While concerns are definitely present, some buyers anticipate that a downturn can bring opportunity,” said Danielle Hale, chief economist. “Well-prepared buyers who have been waiting on the sidelines are likely motivated by personal and lifestyle needs like growing families, new jobs or retirement and these considerations an outweigh short-term economic uncertainties.”
The survey found about two-thirds (63.4%) expect a recession within the next 12 months, the highest level since 2019. A recession is likely to bring with it lower mortgage rates and less competition, serving as key incentives for some home buyers.
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However, there are still roadblocks for buyers, with about 44% saying the lack of homes that meet their needs is a concern. Total active inventory remains 16.3% below historical norms, according to Realtor.com‘s April housing data. Budget constraints are another major issue for 36%, which could be impacted by a rise in inflation brought on by tariffs or continued elevated interest rates.
One concern that has lessened is overbidding. The survey found around 8% considered this a top concern in the first quarter this year, which was down from 10.4% a year ago. This trend aligns with increased time on the market for homes, a more moderate rise in listings and more stable pricing.
The Realtor.com economics team conducts a randomized survey of visitors to listing detail pages on the site. Respondents are asked about the reasons they’re visiting the site, how they’ve been engaged with the housing market and how they feel that current market conditions are impacting their behavior. The survey was first launched in the fourth quarter of 2019. This report focuses on results reported from shoppers in Q1 2025.
