From 2022 and forward for the next few years we can expect a lot of changes happening in real estate. As the economy spirals downward and interest rates increase, this has a massive affect on peoples buying power. The value of currency declines. It takes more money to buy something. As a result, homes are not getting sold. And other forms of real estate are not moving. If you are an investor, hopefully you sold as much of you inventory when the markets were up and stashed away money. Now that the market is headed downward, you should be ready to start buying new inventory to hold.
Typically real estate goes in a 7 to 10 cycle. It's hard to predict how long this current cycle will go before it takes an upward swing. I hear a lot of investors and potential home buyers say that they want to wait to see where the bottom is. That's not always the best time to start doing your buying. Even if you buy a property before the economy hits bottom, just remember that even if you paid a little more, you will eventually get that money back when the market rebounds. How well you do depends on how well you know your market and buying the right properties in the right locations. It's all a gamble, but you can minimize the risk in doing your homework now in tracking where the hot markets will be and what the property types will be.
What Is The Real Estate Market Doing And What Can We Expect
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