Aug 11, 2022
Are we in a recession? Is the housing market in Colorado going to collapse? Is all of my hard earned equity going to go down the tubes?
These are questions that we address in this episode. Find the articles listed below for more information. Technically, we are in a recession but it doesn’t super feel like it. In part because the limited housing supply is keeping the demand strong, and also because unemployment has reached a 50 year low at 3.5%.
So is there a storm coming? Housing values are predicted to continue to rise, but they’re very likely not to go up at the same pace they have been. Only time will tell, but generally speaking real estate is a long game. Holding on to your assets is a great way to build long term wealth.
Most Americans Think We’re In A Recession https://www.newsweek.com/us-recession-american-poll-economy-1724222
Amount of New Home Sales Are Lower Than Predicted https://www.housingwire.com/articles/new-home-sales-make-it-clear-housing-is-in-a-recession/
Homeowners Equity Position https://www.attomdata.com/news/market-trends/home-sales-prices/attom-q1-2022-u-s-home-equity-and-underwater-report/
Markets Most Vulnerable in a Recession https://www.redfin.com/news/metros-recession-risk-housing-downturn-2022/
Find episode [23] of the podcast: Sold By Marco on YouTube, Spotify, iTunes, or wherever you get your podcasts.
Marco Randazzo - 8z Real Estate
marco.randazzo@8z.com // 407-721-1569