Buying Real Estate

Housing Market: Recession⚠️Buy or Wait?

Housing Market bound to crash as recession sets-in. FED said to raise interest rates, jobs at risk as consumers pull back spending. Is it smart to buy a home now, or should you wait?

There are many factors that should be considered when buying a home. With inflation rising, house prices fluctuating, job uncertainty growing, and interest rates at an all time high, is it the right time for you to buy your dream house in the current economic climate?

Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.

Any information provided in this and any of Sachs Realty’s videos and/or descriptions are for entertainment purposes only and not to be construed as broker representation, legal, financial or tax advice. All content written, spoken or implied is for informational purposes and deem to be accurate, but not guaranteed. It is your sole responsibility to verify any and all information for accuracy and correctness.

Todd Sachs or Sachs Realty is not representing you unless you have a written representation agreement. This is not an advertisement for a property for sale, and if you’re currently represented by another Real Estate Brokerage, this is not an attempt to solicit your representation.

SLIDES:
12-month percentage change, Consumer Price Index –
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm

Median Sales Price of Houses Sold for the United States –
https://fred.stlouisfed.org/series/MSPUS

30-Year Fixed-Rate Mortgage Average in the United States –
https://fred.stlouisfed.org/series/MORTGAGE30US

2022 April Unemployment Rate by County –
https://geofred.stlouisfed.org/map/?th=ylgnbu&cc=3&rc&im=fractile&sb&lng=-94.17&lat=36.74&zm=4&sl&sv&am=Average&at=Not%20Seasonally%20Adjusted,%20Monthly,%20Percent,%20no_period_desc&dt=2022-04-01&fq=Monthly&rt=county&sti=1224&un=lin

CNBC Article 5/24/2022
https://www.cnbc.com/2022/05/24/last-in-first-out-risks-of-joining-great-resignation-in-a-recession.html

Housing Affordability Index (Fixed)
https://fred.stlouisfed.org/series/FIXHAI

NAR Article
https://www.nar.realtor/blogs/economists-outlook/housing-affordability-conditions-take-a-hit-in-march

Mortgage Calculator –
https://www.sachsrealty.com/buyers/mortgagecalc.aspx

Personal Saving Rate –
https://fred.stlouisfed.org/series/PSAVERT

AP News Article –
https://apnews.com/article/business-prices-inflation-28e1231bdb445d482bb2d2e25dff1983

Sachs Realty is REAL ESTATE WHEVER YOU ARE!

Looking to buy or sell? We efficiently assist buyers, sellers, landlords and tenants in Maryland with both residential and commercial real estate services.

NOT IN MARYLAND? We offer nationwide assistance to buyers and sellers through our PREFERRED BROKER REFERRAL of great real estate professionals like us!

If your in need of residential or commercial assistance, you can always expect timely, reliable and top-not service from Sachs Realty or any referral agent we recommend.

What’s your real estate need? We want to hear from you! Email Todd Sachs directly at ts@sachsrealty.com with your inquiries.

Main Office: Sachs Realty 443-318-4514
Maryland Broker License Number 607720
Equal Housing Opportunity

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#housingmarket #recession #housingbubble

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