Bay Area Housing Market Update, Spring 2022, Economic Safe Haven For Individuals and Small Investors
What is happening in the Bay Area housing market this spring? We are halfway into the next recession! Yes, this is correct! Recession is just 2 consecutive quarters of falling GDP and in the first quarter of 2022 GDP “unexpectedly” fell by 1.4%. Just one more quarter of similar economic performance and we are officially in a recession. With continued economic uncertainty both domestically and internationally, real estate may be one of the few anchors of financial stability available to individuals and small investors.