5 Year Forecast for the Housing Market What does the market crystal ball indicate about the 5 year outlook on the residential real estate markets across the US? The picture is fractured for sure, however if we refer first to the economy and what has caused the housing market to implode we might see what…
Probability of a Real Estate Market Crash: Low As we know now, the predictions of a housing market crash in the US and in any specific state were wrong. Shouldn’t this whole topic be put to rest? Or is there some blind spots in our housing market outlook? And just when it supposed to…
Housing Market Forecast With the economy cooling, mortgage rates at above 6%, FED unease about inflation, and the debt ceiling crisis, it’s not surprising the homebuyer’s view of the short term housing market is not good. Since home prices rose 3.5% again in April, despite crippling mortgage rates and consumer fears, we can forecast better…
Toronto Housing Market GTA home sales have plummeted by nearly 50% year over year in November, as mortgage rates continue a relentless climb in Canada. Home prices on the other hand have not reclined as much since their peak last spring. Remax has forecasted a price drop of 11.4% in 2023 due to a reduction…
Will the Housing Bubble to Burst in 2023? With inflation numbers soaring, GDP numbers falling, unemployment falling, and Fed interest rate hikes rocketing, there’s not too many positives for the US housing market forecast in 2023. Most housing market experts concur that prices could fall and there’s little reason to believe in a recovery in…
A Democrat Defeat Could Help Avoid a Recession Right now the talk is all about a recession and many see it as inevitable with no means of prevention. Even Larry Summers has raised his forecast for a recession to a gloomy 100%. These people have fully bought into the idea that the economy follows the…
Rate Forecast: Are Lower or Higher Mortgage Rates Ahead? You’re asking should I Should I Buy a House Now or refinance my mortgage? Is a crash of the housing market a possibility? Will Mortgage Rates go Down? 1, 5 and 30 year mortgage rates are dropping. And with oil prices rocketing today, inflation is an…