SoCal Multifamily Sales Pulse - October 2, 2022 - October 8, 2022

• 10 October 2022
• Mike Lembeck

Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.

Here's What's Happening In The Market, Here’s What This Means For You

Wall Street: U.S. housing market to see the second-biggest home price decline since the Great Depression.

Fitch Ratings: U.S. home prices could fall 10% to 15%.

Black Knight Report Continues to Slay Home Prices. The monthly rate of home price decline is now rivaling that seen during the Great Recession – the question now facing housing analysts is how long it will continue to do so, and how far off peaks prices will drop. https://www.globest.com/2022/10/04/black-knight-report-continues-to-slay-home-prices/?kw=Black%20Knight%20Report%20Continues%20to%20Slay%20Home%20Prices&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20221004&utm_term=rem&enlcmp=nltrplt4

Chalk 2022 up as a good year for Orange County. High school graduation rates are improving. The educational gap between White and minority students is narrowing. Wages are up. The poverty rate is down. And almost everyone has access to the internet and some form of health insurance.

Less Turnover, Smaller Raises: Hot Job Market May Be Losing Its Sizzle. https://news.yahoo.com/less-turnover-smaller-raises-hot-182420233.html

As Credit Suisse's Credit Default Swaps Spike To Near 2008 Levels, Rumors Of Lehman-Like Collapse Floated, Bank Steps In To Allay Concerns https://www.benzinga.com/news/22/10/29111470/as-credit-suisses-credit-default-swaps-spike-to-near-2008-levels-rumors-of-lehman-like-collapse-floa

New data shows Americans have already burned through a third of their pent-up savings. That's nearly three times more than previously thought, and signals spending will soon slow down.

Developers in Southern California have put the brakes on plans to build single-family homes, with 21 percent fewer permit approvals in the last two months.

Developer Don Peebles: Housing market headed for “crash landing”. The developer singled out Los Angeles, where he said he “wouldn’t be surprised” to see home prices fall 15 to 20 percent in the next 18 months. https://therealdeal.com/2022/10/07/peebles-housing-market-headed-for-crash-landing/amp/

Global economic growth is expected to slow down to 2.5% this year, and 2.3% by 2023. That means a global recession is almost a fact, as 2.5% is the threshold for that.

<< Back

Comments

No comments.

Register here or Login here to be able to add comment.