05/19/2024
For the past four years, I've been a real estate agent navigating an ever changing market in Pensacola, FL. I've sold more than one hundred properties in this time. I've been as busy as showing forty seven properties to a client back in 2020/2021 when we couldn't keep inventory for more than a couple days.
Well, unfortunately, I believe we are heading towards a recession. Many factors in our economy are showing these potential, and more than likely to happen, results.
The Treasury Yield Curve is, historically, an accurate indicator that we are heading into a recession. PLEASE watch and listen to the video attached. It explains what this is and why it's important.
For real estate in Pensacola, FL, I have listed the number of SOLD homes in our area:
- Between 01/01/2022 - 12/31/2022 - 11,323
- Between 01/01/2023 - 12/31/2023 - 8,933
- Between 01/01/2023 - 05/01/2023 - 3,402
- Between 01/01/2024 - 05/01/2024 - 1,384
Each year is less and less sold, but prices haven't budged.
Our own President even lied about what inflation rates were when we took office by saying it was 9%.....it was 1.4% Mr Biden...we won't get anywhere by lying or hiding the truth.
I've attached graphs below showing the credit debt year over year as it RISES to new heights as well as our market graph showing prices not really changing in our area over the past three years.
I share this not to scare or worry, just to inform. Better to be informed and ready than not knowing at all.
If anyone has any questions, I'd love to speak more on our market and economy.
I'll be posting at least a couple times a week, sharing updates on Real Estate, The Stock Market and any other bug contributing factors to our economy.
https://youtu.be/pl03Ai9hS5w?si=6yLu8JbYtPsOY76d