Why Is Everyone Lying About a Housing Crash in 2022?

It is tough enough to run a business and invest in real estate, but the misinformation is just adding stress and tension where it is not needed.

But they are lying!!!!!!!

Who are the "they" you are referring to? The real estate press, the financial market leads

Why are they lying? I don’t know

Lie #1
Rates are going up.
They were not GOING up, they went up and now went down.

As I have shown previously, the real estate news industry uses a terrible indicator, the Freddie Mac survey of last week’s survey responders, rather than the market. Either way, rates peaked at over 6% in early June, and are now down to 5.13%. That’s a fact.

Lie #2
Inventory is rising
There are a lot of ways to count inventory, but by any measure, the inventory is less than historic levels, about the same as last year’s all-time low, and does not seem to be increasing.

Realtor.com says that asking prices are still up, but getting cut left and right. Then their next article says “Is It Time To Slash Your House Price? Reductions Aren’t as Bad as You Think.” Sellers are trying to raise prices faster and some have to cut their prices, but prices are still going UP!

Lie #3
We are NOT in a recession
I don’t want to get political, but the definition of a recession was already accomplished in June.

Whether or not the stagnant conditions are continuing may be a debate, but there is NO QUESTION that we achieved the classic and universally accepted definition of a recession over the first half of this year.

What’s happening?

Well, income is rising, just not as fast as inflation. The U.S. Bureau of Economic Analysis says, for example, that personal income went up 0.6% in June, while inflation went up a bit more. 

So, what to do?

If you are looking to buy a home and live there for a while, real estate has always been a great long-term builder of wealth and there is nothing to suggest that is changing. If you can afford the home.

If you are looking to move or downsize, it's still a great market to sell, but a bit more challenging than in the last few years.

Finally, if you can find a property that will give you cash flow, this is a great time to get solid cash flow and enjoy the tax benefits of real estate.

How can I help you? Call, text, or email me.
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I host two FREE Real Estate Zoom calls every week:

Real Estate Flipping / Investing Focused:
Tuesday 3PM Pacific Time
Link: https://www.eventbrite.com/e/so-cal-real-estate-investment-meetup-tickets-80900334077
Topic: So Cal Real Estate Investing Meetup
This group is for Landlords, Fix and Flip, Traditional and Non-traditional Real Estate Investing, as well as all Real Estate Service Providers (Agents, Title, Contractors, and more.),

Probate Focused:
Thursday 4PM Pacific Time
Link: https://www.eventbrite.com/e/how-to-get-your-first-sale-in-probate-real-estate-tickets-67396261031
Topic: How to Get a Sale NOW in Probate Real Estate

There are lots of programs that promise to help you sell a LOT of homes, but how do you get your 1st sale? As the baby boomer ages, the number of homes being passed on to heirs continues to increase. I'll share with you 11 different ways that I have generated a listing or buyer sale that do not cost you any money.