Most Experts Are Not Worried About a Recession — Here’s What That Means for Massachusetts Homebuyers

Homebuyers across Massachusetts are keeping a close eye on the economy — and understandably so. Buying a home, whether it’s in Boston, Worcester, the North Shore, the South Shore, or the Merrimack Valley, is one of the biggest financial decisions most people ever make. And with some recession chatter in the media, many would-be buyers are starting to second guess their timing.

According to a recent LendingTree survey, nearly 2 in 3 Americans believe a recession is coming, and 74% say it’s affecting how they handle their finances.

But here’s the reassuring news:
Most economic experts aren’t nearly as worried.

Most Americans Expect a Recession — But Most Experts Don’t

A recent Wall Street Journal (WSJ) economist survey found that only 1 in 3 experts think a recession is likely within the next 12 months.

If economists aren’t sounding the alarm, should you?

Right now, we’re not in a recession. And there’s no solid evidence suggesting Massachusetts — or the country — is heading straight into one. What we do have is uncertainty. The best way to navigate that is by relying on facts, not fear.

That starts with understanding the fundamentals of why people buy homes in the first place.

Tips for MA Homebuyers During Economic Uncertainty

Here’s the reality: while it’s smart to stay informed, economic headlines shouldn’t overshadow your real-life needs.

As Danielle Hale, Chief Economist at Realtor.com, says:

“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 can outweigh short-term economic uncertainties…”

Life changes — not news cycles — are what drive real estate decisions in Massachusetts.

Still, if you’re planning to buy in today’s market, job stability matters, especially in higher-cost MA markets like Greater Boston. You want to feel confident you can manage your mortgage even if the economy or your life shifts.

If your job is stable and you’ve built up savings, economists say you don’t necessarily need to delay your plans. Just keep these pro tips from Redfin experts in mind:

✔️ 1. Set a Budget and Stick to It

MA home prices are higher than the national average. Know your max monthly payment before shopping, and include rising expenses like taxes and home insurance.

✔️ 2. Negotiate — Buyers Have More Power Now

Inventory has increased across many MA towns compared to the past few years. Fewer bidding wars mean more room to negotiate on price, closing costs, and inspection items.

✔️ 3. Be Strategic About Your Mortgage

Talk to local MA lenders about rate options, payment comfort levels, and strategies like temporary buydowns or refinancing later.

✔️ 4. Consider Selling Before Buying

If you already own a home in Massachusetts, selling first may give you more financial clarity and reduce pressure during your home search.

And remember — having an experienced MA real estate agent in your corner makes a massive difference. As Bankrate notes:

“Buying a home during a recession can be a good idea for those who remain financially stable… Work with an experienced local real estate agent who knows the market and can help you get the best deal.”

Bottom Line for Massachusetts Buyers

Most Americans believe a recession is coming.
Most experts disagree.

If your finances are solid, your job is stable, and you have a real reason to move — whether you’re upsizing, downsizing, or relocating — there’s no reason to hit pause.

Thinking about a move in Massachusetts?
What’s holding you back? Let’s talk it through.