A lot of people are wondering what is going to happen next with the real estate market!
We know that the market has rebounded substantially from 2009 and 2010. We are close to the previous price peak in 2007.
The question is- where are we heading next? I think we have 10%-20% more upside at the very least, because the new peak is always higher than the old peak. We should reach 2007 prices by end of this year.
From there we will see. I think there is a lot of room to go up beyond that. It won’t be based on inflation though, it will be pure speculation combined with loosening of lending standards. This will be a very strong sellers market for the next two years. I predict there will be a very limited supply of houses as investors buy multiple properties that will drive prices up.
Buying will become very dangerous for short term holders by end of next year.
What do you think is going to happen in the real estate market? I would love to hear your thoughts and comments