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

Robert Whitelaw, Realtor®

Published:Aug 8, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Currently, Robert uses his local market knowledge to help clients from San Jose to Morgan Hill, San Martin and Gilroy.

Some big things are happening internationally and domestically – how might that hit real estate?

China real estate bubble.

There are a few questions worth answering here. However, there is very little discussion about how this might impact our domestic economy.

Commercial real estate.

Could be a more pronounced slowdown in this segment.

As companies decide how to manage costs as we head into recession, what they decide to cut could be very different under our new reality.

Comforting unemployment numbers.

Some good news for a change.

Unemployment has dropped to pre-pandemic levels. Can this continue as we face more challenges?

Also a good spread of job types.

The kinds of jobs added were also comforting. Starting off with leisure and hospitality (96k), but professional jobs were second (89k). While that is generally good news, the largest job group does tend to be seasonal, but still a good number overall.

Links:

https://www.bnnbloomberg.ca/china-s-bubble-bursting-has-wall-street-eyeing-a-2022-rally-1.1696485

https://moderndiplomacy.eu/2022/07/17/a-real-estate-and-banking-crisis-in-china/

https://nypost.com/2022/07/20/chinese-buyers-spent-record-6-1b-on-us-real-estate-in-2021/

https://www.cnbc.com/2022/08/05/where-companies-say-they-will-cut-budgets-first-in-a-softer-economy.html

https://www.calculatedriskblog.com/2022/08/july-employment-report-528-thousand.html

 

Check Out The Last Show!

bankruptcies up

Bankruptcies Up 216%

Business bankruptcies up 216% and we are not even half way through 2023 yet! What does this mean for unemployment and the world of real estate?

Schedule A Consultation With Robert!

 

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