Predicting Real Estate Is Like Predicting The Weather

By
Real Estate Broker/Owner with IL Real Estate Specialists

 

I just received my first prediction about the 2017 Real Estate Market before 2016 is officially over. 

In my opinion weathermen are wrong 50% of the time when they predict the weather and so are Economists who try to predict the Real Estate Market.

Like the weather Real Estate is a local market and what happens on a national level has no direct affect on the  local market. Some markets can be hot while some are darn right cold.

Like the weather Real Estate takes time to build up and move. Economists are typically 2-3 months behind in collecting data and their predictions are old news. Real Estate typically is the last thing to react to ecoonomic news and so hard to predict a perfect storm or sunny days ahead forecast.

With this in mind I am going to show you Infographic Predictions for the Illinois Real Estate Market:

 

I

 

Posted by

 

Jack Lewitz Broker Owner

http://www.ilrealestatespecialists.com

 Email Jack Today: jacklewitz@sbcglobal.net

 Call Jack Today ! Cell: 708-309-5334 Office: 847-674-6710

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Rainmaker
1,191,517
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

It's certainly possible to make some educated guesses on where the market might be going, but there's no way to know for sure!

Dec 20, 2016 07:03 AM #1
Rainmaker
1,161,042
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning Jack,

Depending on which you choose you might be right then again you might be wrong. Wait a minute what is going on next month!

Make yourself an astonishing day.

Dec 20, 2016 07:20 AM #2
Rainmaker
977,213
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Jack Lewitz ,  That's a darn good analogy.  The winds of change are constant and unpredictable.  

Dec 20, 2016 11:04 AM #3
Rainmaker
3,624,689
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There is no predicting.  all it takes is one fool in the world to go goofy and all hell breaks loose and there goes the predictions.

Dec 20, 2016 07:55 PM #4
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Jack Lewitz

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