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

Robert Whitelaw, Realtor®

Published:Aug 24, 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!

Despite an increasingly buyers market, housing affordability is at its worst since 1989.

Leading indicators.

There are tons of data points showing that the real estate market is moving toward favoring buyers. However, home prices continue to show increases year over year. However, those increases are slowing and could ultimately take us to decreasing home prices.

Too many balls in the air.

Interest rates, recession and inflation are all contributing to our current reality. This makes it harder to make predictions than usual – as if it was ever easy! However, given the trends I am seeing right now, I do not think it is unreasonable to expect an actual drop in average home prices later this year or into 2023.

So, what should I do.

Buyers.

Start subscribing to home searches. Get calibrated to what the market is doing and pick your moment.

Sellers.

If you were thinking of selling in the next year, doing it now might make sense for you. If the trends continue, at some point soon home prices will likely decrease year over year.

Links:

https://www.forbes.com/sites/jackkelly/2022/08/09/over-half-a-million-jobs-were-created-last-month-heres-the-catch/

https://www.cnbc.com/2022/08/23/what-a-housing-recession-means-for-homeowners-buyers-sellers.html

 

Check Out The Last Show!

digital curb appeal

Digital Curb Appeal

In todays modern home searching environment, digital curb appeal is needed in order to get the largest number of buyers interesting in your home. But it can also work for buyers to get great deals!

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!

 

Let's Talk About Achieving Your Real Estate Goals!

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

Feel Like Sharing?

Share this with your friends and followers on social media!