Silicon Valley Newsletter – October 2022

 

The Big Story

 

New Year, Same Housing Market


Quick Take:
 
  • Fewer homes are coming to market, and demand for homes has cooled as interest rates jump to a 15-year high, indicating a short-term equilibrium after two years of rapidly falling inventory.The number of homes sold in 2021 is one of the highest on record.
  • Economic concerns drive buying and selling decisions as inflation remains elevated and the continued Fed monetary policy brings us closer to a recession.
  • Supply of homes will continue to shape the market, and new construction will continue to decline with fewer buyers in the market and high costs to build.
Note: You can find the charts & graphs for the Big Story at the end of the following section.
 
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