The Good, the Bad, and the Ugly: An Outlook for Real Estate and the Economy

4800 Spicewood Springs Road,Austin TX 78759

05 January, 2023

Description

Since the pandemic the U.S. has seen: Record-low 30-year fixed-rate conventional mortgage rates that have since more than doubled and are now edging to the highest seen in 20 yearsHighest inflation rate cycle in four decadesAll-time record employment numbers today despite losing 22 million jobs in 60 days from February to April 2020Recent layoffs of 10s of thousands of high-tech workersRecord commercial real estate sales in Q4 2021 -- almost double any other quarter in history -- but now facing headwinds from lack of lending and economic uncertainty Plunging existing housing sales – with September 2022 closings down 29.5 percent Vs a year agoRecession expectations from many in 2023-2024Where to from here? Come listen to Stewart Chief Economist Ted C. Jones discuss this and more. Agent arrival and light breakfast served starting at 9:00 am.