2022 Housing Inventory Way Up

Homes for Sale is skyrocketing and Prices are Coming Down many Housing Markets across America. Particularly the ones with the biggest Pandemic Migration boom.

Empty Homes are PILING UP on the US Housing Market. Particularly in certain Cities and ZIP Codes where the 2022 Housing Crash is well underway.
2022 Housing Inventory Way Up

Keep in mind that I’m providing this information and my opinions on it without really having any business to gain from it. Yes, even though my California real estate broker’s license is still active technically I’ve been retired for over 2 years.  So, whatever you think about my opinions of the real estate market, they are based on my over three decades of residential real estate experience and not looking to gain anything from people deciding to buy or sell property at this time.  I’d venture to say there’s very few active real estate brokers or agents who can make that same statement!

I just created some housing market graphs below to give you an indication on statistics from today’s real estate market,  compared to the same timeframe last year:

To wrap this up, I think that many areas that have seen astronomical, irrational home price appreciation over the past couple of years, are now going to see a similar but reverse price depreciation!  I think in many local markets, this depreciation will easily exceed 20% or more from the market tops!

There is a perfect storm forming in America. inflation, severe drought in the farm belt, the pandemic, food shortages, diesel fuel costs, and heating fuel shortages, baby formula shortages, shortage of and price of available cars, and the price of housing. It’s all coming together and could lead to real disaster for our economy.

Always keep in mind, that purchasing or selling a home is a major lifestyle decision, and as such, should not be rushed into. So, by all means, if you’re considering purchasing or selling real estate in today’s market, do your own homework and draw your own conclusions! But, also consult with your legal & financial advisors prior to making your moves.

My opinions here are just that, opinions!  The fact that I’ve been in the residential real estate market for over three decades, does not mean that my opinions are going to be any more accurate then your mother-in-law’s opinion, though I sure hope they are!

For those of you who may not be regular readers here is the link to the first warning blog post that I put out; my first post where I called the real estate market top was June 15, 2021 (https://brokerforyou.com/brokerforyou/real-estate-market-downturn/ ) . On June 17 2021, I had a follow-up post ( https://brokerforyou.com/brokerforyou/real-estate-market-bust/ ) where I added additional indicators, that to me showed that the market was in a topping phase right now! I put the links to each one of those prior post above, and would suggest if you’re interested, to reread those posts!

Buckle up your seatbelt because the downward ride has just started!

2022 Housing Inventory Way Up