Predicting Real Estate Is Like Predicting The Weather

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:




Posted by


Jack Lewitz Broker Owner

 Email Jack Today:

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


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Illinois Cook County Chicago
Chicago And Illinois - A great Place to Live
Market Updates
Market Reports
Advice for Sellers
Advice for Buyers

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Kat Palmiotti
Grand Lux Realty, 914-419-0270, - 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
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
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
William Feela
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
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jack Lewitz

Ask me a question
Spam prevention

Additional Information