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322: Auction.com Market Outlook: The Next Recession’s Impact on the Housing Market with Daren Blomquist
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The housing market is undergoing a correction, demand is changing, and interest rates are continuing to rise. All of this leads us to ask one question: if we are at risk of a major recession, how can we protect ourselves and our investments to weather this downturn?
To get a better picture of what’s going on in our economy, I’ve reached out to my good friend Daren Blomquist. Daren is the in-house economist for Auction.com, where he sifts through real estate data for key insights and trends to help businesses and consumers make better decisions. He sees what institutional investors are up to, what retail buyers are doing, and where foreclosures are happening–to name just a few things that he’s always keeping an eye on.
In today’s conversation, Daren and I talk through our risk of recession and specifically how this affects the housing market. You’ll learn all about the macroeconomic patterns that set the stage for a recession (and how to clearly see them yourself), what has to happen for supply and demand to come back into alignment, and where housing is headed in the wake of 2020 and 2021’s skyrocketing property values.
Key Takeaways with Daren Blomquist
- Why many economists are increasingly convinced that we will see a recession in 2023.
- How housing uniquely contributes to negative GDP.
- Why housing is a great indicator of a looming recession–and what made the Great Recession between 2007-09 so uniquely awful.
- Why housing prices are likely going to continue to appreciate in certain places and what’s going to keep demand for apartment rentals strong.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/322
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