PAST RECESSIONS AND HOUSING MARKET

Two out of three economist see recession on the horizon in 2023. A broad range factors such as wars, oil and other political events have proven that there is more on the horizon from the history of past recessions in the housing market. During the pandemic there has been talk for the last few years on recession in America. In my opinion there was a recession last year but the word inflation took it's place. the definition of inflation is two consecutive quarters in the red. Regardless, the nation has met that criteria and has still not confessed the truth to the public. Here is a look at the historical data to reveal what has happened in the real estate industry in past recessions to help prove why you should not be afraid of what recession may mean for our current 2023 housing industry. Click link to learn more about will there be a recession /WILL-THERE-BE-A-RECESSION---32819---32836---Dr-Phillips-6-23568.html

FALLING PRICES AND RECESSION

To prove that home prices don't necessarily fall each time in recessions. Understand This graph about falling prices and recession trend that shows back to the 1980's. Traditionally the economy slows down for reasons, in many cases inflation kicks in and supply and demand. Not always in this order. It does not mean home prices will always drop. Before this takes place, there is a shift in the housing market, click link to learn more about shifting housing market /SHIFTING-HOUSING-MARKET---32819---32836---Dr-Phillips-6-23578.html

Reports has shown inflation eased last month December 2022 which shows a sign of a cooling economy. However the nursing staffing field has decreased due to management decisions abroad the country to a degree.

The Florida housing market remains pretty strong, especially Central Florida Dr Phillips and the surrounding Orlando metro area due to the Disney Theme Park capital of Florida. Many people from all over the world save up to vacation and buy homes monthly. Many homes are purchased to include vacation homes that easily rent out. This is the main reason this location thrives over other parts of the country with that much more to offer with nearly summer weather year round. There will be much more burning on the horizon from the federal government but not highly exposed yet. Stick with me.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.