Should You Rely on Real Estate Predictions to Buy or Sell Real Estate?

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Maxus Realty Group Agents are local specialists with knowledge to help you buy and sell the right home, at the right price.

We are passionate about you as a client, we will always protect your best interests just because it's the only way we do business day in and day out.

Today, we'll talk about Should You Rely on Real Estate Predictions to Buy or Sell Real Estate?

 

A conversation with one of my clients made me realize that real estate market predictions are notoriously unreliable. Nobody can predict what is going to happen with 100% accuracy. But we can check out what real estate experts are saying and make some guesses about the future from there.

 

A housing forecast is a prediction of future housing prices. It is only a rough guide but can be a good starting point for your personal situation and finances.

 

Know that the local area, business opportunities market growth and local economy have more say about real estate prices in general from a national level.

 

Some of the most notorious predictions that I’ve personally followed many years ago: 

 

Both Zillow and CoreLogic published economic models predicting that U.S. home prices would fall by spring 2021. That price drop never came. Instead, the housing market went on a historic run that continues to today.

 

 

Our current real estate position is still a seller’s market. This is not good news for homebuyers, as homebuyers will still be competing with the current low inventory as, sellers will be able to sell at a higher price due to less competition.

 

Another question I heard from many of my clients lately,

 

Will There be a Foreclosure Crisis in 2022 and beyond?

 

 

READ MORE: https://www.maxusrealtygroup.com/blog/2629/Should+You+Rely+On+Real+Estate+Predictions+To+Buy+Or+Sell+Real+Estate+

 
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www.reallynicehomes.com/sell  - Call or text 240-426-5754 for more

Comments (4)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information. Thanks for sharing and enjoy your week!

May 25, 2022 01:59 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Fernando Herboso - Associate Broker MD, & VA it depends on market area, but it very helpful to rely on real estate market experts to buy and sell real estate.

May 25, 2022 03:21 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Fernando Herboso - Associate Broker MD, & VA - this conversation is similar to those who rely on stock picks.  Market timing does not work.  Buy when you are ready.  Have a long range plan.

May 26, 2022 03:43 AM
Barbara Michaluk
Weichert Realtors | Phone Direct 240-506-2434 | 301-681-0550 office - Silver Spring, MD
Leisure World Specialist / Full Service REALTOR

The best time to buy is when they're ready and can financially able. Work with a realtor who is knowledgeable and experienced in the particular area where they want to buy.

Jun 03, 2022 05:14 AM