Will the upcoming recession crash the real estate market?
According to Realtor.com, experts don’t believe that there is a real estate bubble or a crash is in store for the real estate market as compared to the great recession.
Many buyers want to know now should I buy now or wait?
Well, I go over our housing market forecast for 2022 in this video.
I let my clients know that buying a house is still challenging in the market.
The interest rate forecast for 2022 is that we expect rates to continue to go up.
During the last six recessions, there were only two times that the real estate market went down in terms of real estate value. Once in 1991 and the other in 2008.
The main issue is we are still dealing with a supply and demand issue and that will hold prices up until we come into a more normalized state of inventory.
We don’t expect to see foreclosures hitting the market as we did in 2008 based on limited inventory and most homeowners have a tremendous amount of equity built up.
Typically a healthy real estate market is about a 6-month supply and today we are still sitting at about a 2-month supply!
Watch this video and please comment below and don’t forget to please hit the subscribe button!
00:00 Start
01:17 We are starting to see changes in the real estate market
01:57 Mortgage rates are likely to plateau
03:13 Today’s mortgage rates
04:08 Mortgage rates over the last five decades
05:07 Experts don’t believe we are in a real estate bubble
05:57 What is a recession
06:30 A recession does not equal a housing crash
08:18 The housing market is at a turning point
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Dave Markowicz โค helping #families find their #dreamhome to #build ๐งฑ๐จ a #lifetime of #memories to pass on to their next #generation ๐จโ๐ฉโ๐งโ๐ฆ
๐ข Dave Markowicz of The Markowicz Group has been influential in helping clients buy and sell real estate in Southern California for many years.
Recently, Dave has expanded his expertise to include Nashville Tennessee, and surrounding cities.
If you are thinking about moving to the Nashville area or are interested in finding out how my team can assist you with selling your home in Los Angeles, then let’s set up a time to connect and talk!
As a Realtor who has moved to Tennessee to call home, I can assist you in relocating as I too have been in your shoes, and can help guide you through the many processes of relocating to a new city.
๐ https://calendly.com/davemarkowicz/30min
๐ Search for your home in real-time on my website
https://www.markowiczgroup.com/
Dave Markowicz
Realtor
818.438.4150
dave@markowiczgroup.com
www.markowiczgroup.com
Trec#363980
Dre#01868327
Caring for Clients in Nashville and Los Angeles
Kerr & Co Realty
615.905.1408
321 Billingsly Ct. Unit 2
Franklin, TN 37067
Elite Residential Realty
818.878.0878
26901 Agoura Rd #290
Calabasas, CA 91301
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