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
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