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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

Is 2022 The Beginning Of The End For Real Estate?

by Feb 17, 2022Real Estate Realities Podcast/Vidcast0 comments

2022 End Of Real Estate

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

February 17, 2022

With So Many Critical Balls In The Air – Anything Could Happen To Real Estate In 2022 – Including The Worst.

As we enter into 2022, the numbers are interesting to say the least. This idea may be over used at times, but 2022 is looking like it could be a pivotal year of transition for the entire economy, including the world of real estate. In todays show, we discussed a few of the main topics that will be pushing on the real estate market this year.

Inflation

We discuss the effects of inflation in todays show and point out that despite what some might say, it is NOT an indication of a healthy economy.

The End Of Stimulus Checks

We discussed the effects of stimulus checks on the economy and what might happen now that they are going to end. Also, this is not even negotiable, these payments must end for the economy to recover.

Evictions On The Rise

As stimulus checks stop coming, what decisions to people have to make in their own lives to make ends meet? Evictions started to increase even before the complete end of stimulus checks.

Foreclosures Increase

As is true for evictions, we say an increase of foreclosures in January. This is potentially a larger real estate issue as we see the ending of stimulus checks potentially impacting this part of the market. In addition, despite low unemployment – thousands of jobs disappeared during the pandemic. How quickly can those come back?

 

Sources:

  • https://www.bls.gov/cpi/additional-resources/historical-changes.htm
  • https://www.foxbusiness.com/economy/inflation-may-pave-way-to-recession-peter-schiff
  • https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
  • https://www.zerohedge.com/markets/morgan-stanley-it-begins
  • https://www.npr.org/2022/02/10/1079395385/with-evictions-on-the-rise-house-democrats-team-up-to-push-new-housing-protectio
  • https://www.attomdata.com/news/market-trends/foreclosures/attom-january-2022-u-s-foreclosure-market-report/
  • https://www.marketwatch.com/picks/home-price-growth-may-return-to-normalcy-5-economists-and-real-estate-pros-predict-what-will-happen-in-the-housing-market-in-2022-01644234946

Check Out The Last Show!

2022 Economics That Could Hit Real Estate

2022 Economics That Could Hit Real Estate

In this weeks show we are looking at a few different bits of economic news that could push our real estate market one way or another. Not a lot of certainty in todays show, but I will offer what I think are prudent actions for buyers, sellers and investors to prepare for the possible eventualities

Unemployment: The Real Numbers

Unemployment: The Real Numbers

I should have known better. Last week, I shared with you the latest unemployment numbers – and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting.

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