US Recession 2022 | The Real Estate Housing Crash?

Inflation, Recession, Interest Rates, the FED... There's a lot of chatter around the economy and housing. Housing's combined contribution to GDP generally averages 15-18% of the GDP, that's everything from actual purchases to building, to insurance, to mortgages, to the commission, building material, etc...

There's a lot at play when it comes to real estate in the United States so let's take a look at what is going to happen over the next few months.

Famed economist Robert Shiller says there is a ‘good chance’ of a recession

https://fortune.com/2022/06/08/recession-prediction-economist-robert-shiller-inflation-consumer-confidence/

After 7 straight quarters when Americans got richer, household net worth just fell by $500 billion

https://fortune.com/2022/06/09/total-household-net-worth-falls-500-billion-bear-market-inflation-federal-reserve-financial-accounts/#:~:text=Specifically%2C%20it%20fell%20by%20%240.5,they%20were%20six%20months%20ago.

Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash

https://www.marketwatch.com/story/all-of-this-points-to-a-broader-weakness-in-the-housing-market-buyers-are-officially-spooked-by-rising-interest-rates-just-dont-expect-a-real-estate-crash-11654795536

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