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

Robert Whitelaw, Realtor®

Published:May 23, 2022

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!

Initial indicators are in and suggest we prepare for ‘Recession 2022’!

Are we in a recession?

​Right now, we have hit declining GDP for the first quarter. Indicators are there, but for many we are not ‘officially’ in a recession. However, the question is not will be hit a recession at this point, but when.

What is a recession?

Big declines in economic activity.

Big slow downs in economic activity can have broad effects. With low activity comes lower needs for employees to do what they would normally do when the economy is healthy due to lower demand.  Goods and services produced drop. The stock market loses value and unemployment rates tend to go up.

Recessions are normal.

Recessions happen regularly. It is how severe a recession is that indicates how painful it will be for the average person.

Recessions can turn into depressions.

Recessions usually hit their worst point within 10 months then go into recovery. A depression is a deep, painful, long lasting recession.

Calm preparation is the best tool.

Buyers, investors and home owners can not only survive in a recession, but thrive. It can give an excellent window of time to acquire real estate and better prices.

Links:

https://www.thebalance.com/buying-during-a-housing-recession-1798292

https://www.weforum.org/agenda/2022/05/united-states-recession

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Check Out The Last Show!

pending sales numbers

Local Pending Sales Vs. National Pending Sales

The pending sales data we are seeing here in the Santa Clara County real estate market is a bit different than the national numbers. In todays show, we will take a look at this sale predicting numbers to see what is up.

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