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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill
recession 2022

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.

May 23, 2022

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!

real estate inventory up 18%

Real Estate Inventory Up 18%!

In just a few weeks, we have seen real estate inventory jump from an 11% increase to an 18% increase! As we face other challenges from increased interest rates, inflation and recession – we may see a unique opportunity for buyers and investors – and a signal to home owners to review their situation.

Real Estate Inventory Up 18%!

Real Estate Inventory Up 18%!

In just a few weeks, we have seen real estate inventory jump from an 11% increase to an 18% increase! As we face other challenges from increased interest rates, inflation and recession – we may see a unique opportunity for buyers and investors – and a signal to home owners to review their situation.

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