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

Robert Whitelaw, Realtor®

Published:Jul 11, 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!

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!

California deficits and taxes

California 2024 Deficits, Taxes

As California faces huge deficits in 2024, Sacramento appears to focus on more taxes rather than more responsible spending. In fact, it looks like they are setting thing up to attack Prop 13!

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