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: