Other than the housing-led Great Recession, recent national and statewide recessions have not caused widespread home value declines

- U.S. home values plummeted during the Great Recession, but broadly continued to rise faster than inflation during the dot-com crash in 2001.

- Excluding the Great Recession, annual home value appreciation across all states since 1997 has averaged 4.6% during times of economic growth and 4% during recessions.