With inflation and interest rates taking many buyers out of the market, our economy may well be on its way, or already in a recession.

This week we’ll look at 3 of 6 key indicators builders can use to Predict the impact of a recession on their local housing market.

Listen to this second and last part of a two-part series that will explore whether or not the housing market is headed for a recession.

Part II: 3 More Key Indicators for Builders

• Unemployment rate and trend

• Real estate layoffs- Compass, Redfin

• Banking layoffs- 10% by year-end?

• Other layoffs

• Local Area Unemployment Statistics

• Inflation

• Local Migration

• Is your county growing, shrinking, or even?

• Housing market indicators to watch (slide 9)

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‘What’s the best way to get paid for providing an estimate?’ Part II

Conversations That ConvertBy Rick StorlieJan 23, 2023