Over 60% of potential homebuyers anticipate a recession within the year, with nearly 30% viewing it as a chance to purchase homes more easily. Lower mortgage rates and reduced competition are seen as key benefits during an economic downturn, according to a recent Realtor.com survey. Despite concerns about the economy, many buyers prioritize personal financial situations over broader economic conditions, with over half stating that a recession would not deter their homebuying efforts.

The survey also revealed that homebuyers face significant challenges, including limited inventory, which 44% of respondents identified as a major concern. While mortgage rates are expected to decrease during a recession, buyers are still worried about budget constraints and credit qualifications. Interestingly, competition from other buyers is not a primary concern for most, indicating a shift in the market dynamics that could lead to a less stressful homebuying experience.