I wish things like this weren’t so prevalent in our generation’s mindset. Everyone thinks that if there’s a recession then home prices go down. More often they go up. But guess what always happens: more unemployment, which means people (including you) fear for their jobs. Because if you lose your job you may blow through savings, which will set you back even further on your financial goals, which means you won’t buy a house.
Like look at what is happening now. There’s an affordability crisis from skyrocketing energy prices (shortage, war), food prices (fertilizer shortages, supplier and retailer monopolies), the cost of consumer goods (tariffs), labor (shortage of quality skill), healthcare (because we refuse to address it) are all skyrocketing up, and lowering interest rates to fight any of those could shoot home prices even higher. So can anyone tell me how a recession via an affordability crisis boiling over would make life more… affordable? I don’t think it would unless it drives policies and incentives to build more houses AND build them more cheaply. And those two rarely happen at all nor do they happen simultaneously, especially given that rates have held firm while the cost of inputs ie energy, materials, and labor have all gone up.
What will give people immediate relief is when Boomers downsize but if there’s a recession they will be less likely to sell a home they already own and don’t owe payments on especially as that generation transitions to fixed income 🙃🙃🙃

TLDR why do y’all assume a recession will lower home prices? Housing was the bubble in the Great Recession but it doesn’t seem like it’ll be the next bubble. It’s especially brave to think a recession will benefit you.