October 7, 2024

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

2022 Housing Inventory - California real estate - New California Real Estate Tax
2022 Real Estate Bust

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:

 

Maricopa home price drops

Prescott Valley home price drops

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

#######

  • 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

  • #######

    home water leak detector – https://flumewater.com?grsf=w79pta

    home water leak detector

    +++++++++++++

    Great DRONE Value 

    Drone Value

 

1 thought on “2022 Housing Inventory Way Up

Comments are closed.