2022 California Real Estate Market
The US government’s own statistics are very clear, the California exodus continues. 1.1 Million have fled the state since 2017!
First of all, let me say that I was wrong! Yes, I thought the California housing market would be well on its way into a major crash by now. I believe what was different about this time around, was the fact that California as well as the entire country, went on a huge money giveaway plan to try and stimulate the economy out of the covid mess. Plus, California seem to have endlessly extended the eviction moratoriums. So, I guess in one sense the government’s reckless spending spree, forestalled the inevitable and greatly contributed to the outrageous real estate appreciation of the last few years. Personally oh, it’s my opinion, that a lot of smart people (Elon Musk among them) decided that the best financial move they could ever make was getting out of California and moving their businesses to more business-friendly states.
2022 California Real Estate Market
Today oh, we are on the verge of seeing what California’s ill-conceived stimulus plans and draconian lockdowns are going to do to what otherwise may have been a relatively mild pull back in real estate prices, now turn into a major double-digit decline in San Francisco, Los Angeles and San Diego housing prices!
A brutal California Housing Crash is up NEXT.
New data from the US Census Bureau suggests that the California Exodus is REAL. Over 1.1 Million people have fled the state from 2017-21. And even more could be leaving in 2022 based on real-time data from Redfin.
To go along with this massive outbound migration, California’s economy is also hemorrhaging jobs. Employment across the state declined by over 900k since the pandemic started according to data from the Bureau of Labor Statistics. Many people and jobs are leaving because of the high cost of living, including sky-high home prices, rents, and gas prices.
That puts the California Housing Market in a precarious position. Home prices are at all-time highs, especially in Real Estate Markets like San Francisco and Los Angeles. But there could already be Housing Crash brewing in these markets.
The last two times California lost this many people, there was a Housing Crash. Prices in Los Angeles declined by nearly 25% from 1990-1996, to go along with nearly 15% crashes in San Diego and San Francisco. Fast forward to the mid-2000s and another brutal Economic and Housing Collapse hit California. Home values declined by 35-40% across Los Angeles, San Diego, and San Francisco from 2007-12.
Now all of these markets are facing another big crash as more and more people decide to leave the state. Real-time data from Redfin shows home buyers are looking to flee these areas at record highs. This means even more people could be leaving California in 2022.
But there is a silver lining: a Housing Crash could be exactly what California needs to stem the tide of people leaving and to restore the state. Just like it did in the early 90s and mid-00s, Housing Crash #3 would make California more accessible to people, causing fewer people to leave and more people to move in.
2022 California Real Estate Market
San Diego Real Estate Website for sale
www.brokerforyou.com *** This 24 year old San Diego real estate website is for sale! Also, aged real estate sites in many California cities are for sale.
Over 28,000 average monthly unique visits to Brokerforyou.com in the last six months.
*NO you are NOT just getting a super San Diego URL, but, 24 years of great San Diego centered residential real estate content! Plus, great search engine rankings and most important, a HUGE amount of unique monthly visitors! If can’t see the very unique potential, perhaps you should save your time and NOT review the information below.
www.brokerforyou.com is 24 Years old! The vast majority of search engine professionals agree that the age of a website is an important factor in the Google algorithm.
There is also another undisputed factor in the ranking of websites. That factor, is the amount of unique specific content published on the website. So, it’s pretty hard for a two year old or a five-year-old or for that matter a 10-year-old website out rank a 24-year-old website that has 2 to 4 times the content.
San Diego real estate opportunity www.brokerforyou.com is for sale! if your real estate broker in San Diego California or thinking of expanding your brokerage business into San Diego, purchasing www.brokerforyou.com to give you a huge boost in becoming a player in the residential San Diego real estate market.
Sure as a real estate professional in San Diego California, you most probably have a website. But take a look at it take a look at the traffic you’re generating from that website. From my own analysis the majority of San Diego real estate websites just generate a couple of hundred unique views per month. To even have a chance of gaining one new client you need tens of thousands of unique views.
Brokerforyou.com is for SALE
Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65 billion! YouTube now operates as one of Google’s subsidiaries.
www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!
What’s the approximately monthly cost to host a website? With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month! Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.
Interested, call Bob Schwartz (619) 286-5604 for additional information
