Happy Fall! As we enter a new quarter, and a new set of renewals crosses our desks, we notice our agents are predicting a reduction in revenue for the upcoming year. This is based on some key factors – an increase in interest rates, a decrease in available housing, and inflation.
However, economic growth for the real estate market is expected to continue, especially in areas with relocation for work, and the millennial population aging into home ownership – there will still be a demand for homes. As we look to changing seasons, may the links below provide some relief that all the bad news really is not as bad as it sounds.
Economic Update Q2 2022 | Old Republic Title
Q3 2022 Quarterly Economic Outlook with WFG’s Patrick Stone and economist Bill Conerly, PhD – WFG National Title (wfgtitle.com)