How Well Did I Do With My Predictions For 2017?

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Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

At the beginning of last year I made some predictions, so now it is time to see How Well Did I Do With My Predictions For 2017? As I looked at my predictions for 2017, I was very encouraged to see that my crystal ball was very accurate except for one of my predictions.

  • My first prediction for 2017 is the one I was wrong about.  I predicted we would see an increase in the interest rates, however, even though the interest rates moved up slightly, they were pretty much the same all year.  However, from here on out I was pretty much on the money with my predictions.
  • I predicted we would see an increase in jobs and income, and both were true.  We saw a continual increase in jobs throughout the year, and as a result of the tax cuts at the end of the year, several companies increased their hourly pay for their workers.
  • I predicted that housing sales would go up in 2017, and almost all the states saw an increase in home sales from 2016.
  • I also predicted purchasing a home will continue to be cheaper then renting, and it was. 
  • Next I predicted, the Internet would continue to be king, but the Internet would not replace Realtors or Loan Originators,  and I was right.
  • Finally I predicted that Buyers and Sellers would overwhelmingly use Realtors and Loan Originators to purchase and sell homes, and once again this was the case even though the Internet is trying very hard to change that.

There you have it.  I was not 100% correct, but I was pretty close.  I wonder how I will do with my 2018 predictions which I will post later this week.

 

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam,# Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or souto@snet.net

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Rainmaker
269,966
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

George Souto - you read your crystal ball very well.  Any predictions for 2018?

Jan 14, 2018 05:38 PM #1
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

! have faith in you George Souto  you are you smart cookie

Jan 14, 2018 05:43 PM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is easy to predict the outcome when you have such a good connection to what's happening and staying informed about the markets. ActiveRain helps us do that, George.

Jan 14, 2018 05:54 PM #3
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George, you have a great Chrystal ball, interesting I was not copying your predictions, but I was very much on the same direction as you were. What I did not predict is how much better the Real Estate Market would be doing...I also did not predict such large increases in the Purchase Prices.... just as I did not predict this strong of a consumer confidence  across the board:)Endre

Jan 14, 2018 06:00 PM #4
Rainmaker
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

George Souto quick, buy a lottery ticket...with your accuracy on predictions, I think you have a winning ticket in your future!

Jan 14, 2018 07:07 PM #5
Rainmaker
2,112,545
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I am looking forward to your predictions for 2018, George.  I hope you have a good week.

Jan 15, 2018 02:15 AM #6
Rainmaker
2,709,191
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

I have to believe that the internet wll never replace either profession....much too much information...to be highly automated like a vending machine.

Jan 15, 2018 03:37 AM #7
Rainmaker
4,173,060
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, George Souto you did a fine job with your predictions.... and your job and mine will be stable for decades to come....

Jan 15, 2018 03:55 AM #8
Rainmaker
2,309,790
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, George... at the end of the day, you came as close to being 100% as made no difference! That must be one heck of a crystal ball you have! I'm jealous! Congratulations.

Jan 15, 2018 04:45 AM #9
Rainmaker
4,153,362
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good job with your predictions, George.  I'm looking forward to your predictions for 2018.

Jan 15, 2018 05:33 AM #10
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

George, good job. There are many influencers so being this close to 100% on target is very good.

Jan 15, 2018 03:01 PM #11
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

You did a great job, George, with your predictions. It was an eventful year and this one no doubt will be so as well

Jeff

Jan 16, 2018 04:25 PM #12
Rainmaker
302,665
Larry Matthews
Hants Realty Limited - Halifax, NS
Larry Matthews AMP DAC

Hi George Canada's market is very fractured with wide swings between buyers and sellers markets depending on your location. With National Federal government lending policies focused on restricting credit and our dashing and charming but socialist leader I see clouds on the horizon for 2018 in Canada overall. Government has even sided in with internet providers mandating we provide them access to our MLS system for private sale listings and sold information. Way too much government here. Glad things are improving there.

Jan 17, 2018 03:55 AM #13
Rainmaker
1,675,421
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

George Souto - That's awesome! Your forecasting was excellent!!!

 

Jan 17, 2018 12:34 PM #14
Rainmaker
1,137,415
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

 

Pretty amazing, George Souto!  I see a new career for your upon your retirement from lending ... grab a turban and keep the 'stache!    

Any predictions on the stock market???????

Gene

Jan 18, 2018 10:57 AM #15
Rainmaker
2,545,629
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I still think everybody did a fair job considering the climate and considering that you do a really good job overall!

Jan 19, 2018 09:35 PM #16
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

WOW! Now, THAT is impressive, George! I always knew you were a smart guy - now we ALL know!

Funny but, the interest rate prediction was one that I missed the ball on as well. I thought we'd hit 5% by the end of the year...maybe by the end of THIS year! LOL

Jan 23, 2018 06:22 PM #17
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