As the country navigates another recession, many people are wondering whether now is a smart time to snap up a deal on their first home. Recessions typically cause widespread job loss, which means fewer people are buying homes and taking on loans. As a result, home prices and mortgage rates are likely to fall. However, if your income is stable and you have the money for a down payment, this could be the perfect time to close on the home of your dreams! Ensure your first big purchase goes smoothly by following the steps below.