Bay Area Tech Realtor Nagaraj Annaiah

Are We In A Recession Now? | Bay Area Housing Update 2022

May 16, 2022 Nagaraj Annaiah Season 1 Episode 20
Bay Area Tech Realtor Nagaraj Annaiah
Are We In A Recession Now? | Bay Area Housing Update 2022
Show Notes

Are We In A Recession Now? We're not sure, but we're definitely feeling it! Fed Chair Jerome Powell has been leading the charge against inflation, with interest rate hikes and reverse repos. And while we don't know if this will cause a recession, we can see that it's definitely taking its toll on the economy. Inflation 2021 saw a surge in prices—and 2022 looks like it'll be even worse.

These rising prices are motivating people to spend more money on food and gas, which leads to higher demand for those products. That in turn increases the cost of producing them, causing prices to rise even further. That means that you have to spend more money just to buy things like food and gas—which means that you have less money left over for other things like saving for retirement or buying a house. It's important to remember that this is not a negative thing; it's just an adjustment as we move into a new economic era!

I am Nagaraj Annaiah, a local tech realtor who will give you realty updates on Bay Area, and also help you sell or buy a home here. Subscribe to my channel to stay updated on the latest realty happenings in Santa Clara, San Benito, Monterey, Santa Cruz, and San Mateo, among others. You can also hear me take questions from listeners on Bay Area real estate every Sunday between 1230pm and 1pm on Bolly 92.3, Bay Area's Bollywood station. If you miss it, you can listen to a replay of it on podcasting channels like Apple Podcasts, Amazon Music, TuneIn, Stitcher, and Spotify, among others.  Or visit: https://bayarearealtor.buzzsprout.com. And don't forget to check out NagarajHomes.com and sign up to my monthly newsletter, or use the free mortgage calculator on the site to help you with your purchases.

TABLE OF CONTENTS

00:00 Intro
00:55 Beware of Property With Leased Solar System
02:36 Are We In A Recession
04:45 Redfin's 'hot homes' criteria
05:48 Conclusion

CONTACT ME

* Want to schedule a time for a free consultation? Or want immediate help in buying or selling homes, call me today at (408) 805-4653. You can also visit me at: https://www.nagarajhomes.com/