Homebuyers across the Inland Empire are watching the economy closely, and for good reason. Buying a home — whether in Redlands, Yucaipa, Highland, or Loma Linda — is one of the biggest financial decisions most people ever make. And with talk of a possible recession, many buyers in our area are wondering: Should I wait? Or should I move forward?
According to a recent LendingTree survey, almost 2 in 3 Americans believe a recession is coming. And 74% say economic worries are affecting their financial decisions.
But here’s the reality many local buyers don’t see:
Most experts are NOT expecting a recession.
Most Americans Expect a Recession — But Most Experts Don’t
An October report from the Wall Street Journal found that only 1 in 3 economists believe we may enter a recession within the next 12 months.
That’s a very different picture from the general public’s fear.
So, if expert economists aren’t overly concerned, should you be?
Not necessarily — because:
✔ We are NOT in a recession
✔ There is NO guarantee one is coming
✔ Much of what people are reacting to is uncertainty, not reality
The best way to move forward in an uncertain economy is to focus on facts, not fear.
Buying a Home During Economic Uncertainty: Smart Tips for IE Buyers
The truth is this: Real-life needs don’t stop just because the economy feels uncertain.
Families in Redlands are still growing. People are still relocating for new jobs. Retirees are still downsizing. Life doesn’t pause — and neither does real estate.
Realtor.com Chief Economist Danielle Hale explains it perfectly:
“Personal and lifestyle needs often outweigh short-term economic uncertainties.”
So yes, the economy matters — but it shouldn’t completely overshadow your real-life timing.
What does matter if you’re buying right now?
1. Job Stability Is Key
If your employment is strong and steady, you’re in a much better position to buy confidently, even during economic shifts.
2. Stay Within a Smart Budget
Redfin economists recommend:
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Set a firm budget and stick to it
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Factor in rising expenses (insurance, taxes)
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Leave room in your savings for unexpected repairs
3. Use Today’s Market to Your Advantage
Right now, in areas like Redlands and the Inland Empire:
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There’s more inventory
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Competition is lower than peak years
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Many sellers are open to negotiation
This gives buyers more options and more leverage than we’ve seen in a while.
4. Talk to a Lender About Your Plan
Even if mortgage rates shift, a good local lender can help you:
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Structure the right payment
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Explore rate options
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Understand refinancing possibilities later
5. If You Already Own a Home — Consider Selling First
This can reduce financial pressure and give you a clearer buying budget.
And through all of this, one thing matters most:
As Bankrate says, buyers who stay financially stable and work with an experienced local agent have the best outcomes — even in uncertain markets.
That’s especially true here in Redlands, where local pricing, inventory, and neighborhood trends can vary block by block.
Bottom Line
Most Americans think a recession is coming.
But most economists don’t.
If you have:
✔ steady income
✔ a solid financial cushion
✔ and a real reason to move
…you don’t necessarily need to wait.
Let’s talk through your goals and see what makes sense for you in today’s Redlands market.
