fbpx
Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill
Predicting A Real Estate Downturn

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.

July 11, 2022

We gaze into our crystal ball today to see if we can predict an upcoming real estate downturn.

What are real leading indicators of a real estate downturn?

Sadly, just about all the sources I find on the internet for predicting a real estate downturn talk about things that tell you that you are IN a downturn, not about to get into one. We are going to see if we can’t figure out some real predictors that will give us some advanced notice.

Real estate numbers are not the only way to predict the future.

Debt profiles.

Long time listeners to the show will recall the phrase “Debt Profile”. During and after the last downturn, we worked to understand the things that influenced a persons debt profile – of what level of indebtedness they faced and what were the big items. This helped us to predict how people respond to debt – which helps us further understand how that might effect real estate decisions.

Car Loans.

Car repossessions are an indicator that is worth considering. The most recent info on these is staggering.

What areas are great warning zones?

It can also be helpful to keep an eye on markets that tend to respond to pressures that will effect the broader real estate market.

LINKS:

https://www.attomdata.com/news/market-trends/figuresfriday/top-10-zips-with-worst-foreclosure-rates-in-may-2022/

https://www.attomdata.com/news/market-trends/foreclosures/attom-may-2022-u-s-foreclosure-market-report/

https://www.sofi.com/learn/content/foreclosure-rates-for-50-states/

https://www.barrons.com/articles/recession-cars-bank-repos-51657316562

Check Out The Last Show!

home prices in 2023

Home Prices In 2023 Set To Rise?

I came across an interesting article where the Chief Economist for the National Association of Realtors suggests that home prices in 2023 will go up by about 1%. We will chat about that and offer up an alternative viewpoint – particularly regarding what is likely to happen right here in Silicon Valley.

7 Tricks To Boost Your Home Sale Price!

7 Tricks To Boost Your Home Sale Price!

The market is shifting and now more than ever, if you want to maximize your home sale price, you need an advantage. That advantage can be found with a real estate professional who has experience getting the best price and terms for sellers, even in the worst markets to sell your home. In todays article, we run down some of the key ideas to help anyone get better results.

read more

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

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

Share This

Feel Like Sharing?

Share this with your friends and followers on social media!