Keeping Current Matters shared some great graphics on what has historically happened to housing and interest rates during a recession. As you can see, in only two of the last six recessions have prices dropped. 2008 was a bad one but that was also the time when lenders had made indiscriminate loans basically to anyone with a pulse. This is not the lending market we are in currently.
Instead what has consistently been the case is rates have dropped. Of course there are no guarantees but 2025 might be a good time for buyers if inflation doesn't go crazy.
Mortgage Interest Rates Had Been Falling...
