Greetings! Happy March!!
Industry expert Jordan Wirsz just published a piece on Inman.com that we found very interesting. He says that we are likely to see some ebbs and flows in the real estate market for the remainder of 2016 and 2017, and we may even experience a mild recession, but investors can nevertheless expect significant upside for their real estate investments.
He quotes Sir John Templeton, who said,”Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
His study of real estate cycles suggests the next peak will be reached in approximately 2022. Between now and then we can expect periodic gains and losses. He reminds us that a mild recession and a moderate slowing in housing sales and prices will be a very healthy thing for the market overall. It will present opportunities for forward looking homebuyers.