Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:May 15, 2020

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Will home prices jump?

The best information we have right now indicates that a dramatic crash in home inventory is very likely as we move through 2020. There are only two places that homes for sale come from. First, is new construction. We are seeing a big drop off in new construction that even goes beyond what the worst expectations were leading into March. And remember, those are number for MARCH! April is likely to be even more depressing! But wait, that is only half of the real estate inventory story.

The other half of our inventory question involves existing homes. If we don’t see new construction coming anywhere close to demand, then we have to rely on current home owners to come into the market to sell their home. Frankly, that does not look to be a likely scenario!

In todays show, we look at all the data to find out where we are and where we are likely to be later this year and into 2021!

Don’t forget that you can also enjoy the show as a video on YouTube!

Articles Used In Todays Show:

  • https://www.cnbc.com/video/2020/04/16/housing-starts-march-squawk-box-breaking-news.html
  • https://www.cnbc.com/2020/04/17/us-housing-starts-worst-month-since-1984-what-traders-see-ahead.html
  • https://magazine.realtor/daily-news/2020/05/05/where-housing-inventories-are-falling-fastest
  • https://magazine.realtor/daily-news/2020/05/05/more-banks-halt-helocs
  • https://www.calculatedriskblog.com/2020/05/las-vegas-real-estate-in-april-sales.html
  • https://www.calculatedriskblog.com/2020/05/seattle-real-estate-in-april-sales-down.html
  • https://www.cnbc.com/2020/05/07/consumer-confidence-in-housing-falls-to-lowest-level-since-subprime-crash.html

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!


Let's Talk About Achieving Your Real Estate Goals!

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join to get access to the best information on our local real estate markets, important real estate news, insights, information and tips on how to realize your real estate goals!

You have Successfully Subscribed!

Pin It on Pinterest

Feel Like Sharing?

Share this with your friends and followers on social media!