If You Like Pictures You'll Love This One! Where The Real Estate Market & Macro Environment Sits As We Kick Off 2023 | (1.2.23)
"Continuous improvement is better than delayed perfection." - Mark Twain
Kicking Off The New Year With An All Charts Monday:
• Here is an excellent article/chart published by Bill McBride via the CalculatedRisk Newsletter forecasting how real estate inventory might change in 2023.1
• Large businesses seem to be planning for massive job cuts (*cough* Goldman Sachs *cough*) while small businesses struggle to fill all of their open positions.2
• According to the Wall Street Journal, and everybody who actively reads The Homepage, the current real estate market (as it relates to the recessionary macro-environment) is NOT like last time…3
• Another look at how various asset classes fared in 2022 — since my last post on the subject did not yet capture December. Here’s to a better year in 2023!4
• Following that last one we need some good news. Here it is — it is VERY RARE to see back-to-back years of negative return in the U.S. stock market. In fact, it’s happened just twice (with one three-peat) since 1970.5
• Just how impactful was inflation on us as individuals in 2022? Answer: very.6
Source: CalculatedRisk Newsletter by Bill McBride.
Source: Apricitas Economics by Joseph Politano.
Source: The Wall Street Journal — Why This Housing Downturn Isn’t Like The Last One.
Source: TopDownCharts.com.
Source: Statista — Back-to-Back Down Years Are Rare for the Stock Market.
Source: Visual Capitalist — U.S. Inflation: How Much Have Prices Increased?