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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

2022 Economics That Could Hit Real Estate

by Aug 8, 2022Real Estate Realities Podcast/Vidcast0 comments

2022 Economics That Could Hit Real Estate

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.

August 8, 2022

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

 

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