Remove 2023 10 residential-building-wage-growth-slowing-3
article thumbnail

Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

That brings us to the third horseman of the housing apocalypse: recession on the horizon, or the war against wages and those who depend on paychecks to pay their bills. A recession is two quarters of negative GPD growth (contraction) in a row. But in the meantime, even the modest Fed action has had real results in the real world.

article thumbnail

2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

The year started with a surge in prices and growth across the board before falling alongside record inflation in the fall. November and December saw a much slower and seasonally-expected housing market, with year-over-year changes in rent prices, house prices, and interest rates either falling or slowing down. . Median sale price.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Long-Term Trends Impacting Multifamily

A Student of the Real Estate Game

As 2022 winds to a close, I’m sure you’re getting inundated with predictions for 2023. While the predictions were directionally correct, real estate is a slow-moving business with trends emerging over decades, not in a single year. In January 2022 Airbnb reported that 100,000 Airbnb guests stayed for 3 months of longer.

article thumbnail

San Diego Real Estate Investment Outlook

Norada Real Estate

You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in 2022 and 2023. Since home building takes time, especially in a heavily regulated environment, there’s little chance of diminished demand. You can’t build on water. San Diego Real Estate Appreciation Rates.