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