|
Replies: 9
| visibility 323
|
All-In [48078]
TigerPulse: 100%
Posts: 49059
Joined: 5/16/04
|
What do you guys think of the real estate market in 2021?
Sep 3, 2020, 7:07 AM
|
|
Most projections I can find call for a down year in 2021. I realize all markets aren't the same, but what do you guys think overall?
|
|
|
|
 |
110%er [7182]
TigerPulse: 100%
Posts: 3176
Joined: 10/20/12
|
I don't see it falling,
Sep 3, 2020, 7:19 AM
|
|
more of a flattening. I think the market see-saws up & down with increases in Covid-19 infections.
The market has been on a tear for 10 years, & that's an unprecedented run. So it has to come down at some point, right? I don't see it coming down in '21, just a leveling out. '22 is where I see a major drop occurring (hoping it's not a crash).
COYS & Cheers
|
|
|
|
|
|
All-In [48078]
TigerPulse: 100%
Posts: 49059
Joined: 5/16/04
|
Re: I don't see it falling,
Sep 3, 2020, 7:31 AM
|
|
I am looking to buy a home in possibly in 6 months, but I am starting to think I should take my time. Hmmm
|
|
|
|
|
|
Heisman Winner [119727]
TigerPulse: 100%
Posts: 54486
Joined: 6/24/09
|
You should buy Now
Sep 3, 2020, 7:40 AM
|
|
While prices are high. ????
|
|
|
|
|
|
110%er [7182]
TigerPulse: 100%
Posts: 3176
Joined: 10/20/12
|
Bi-Hi, Sell-Lo
Sep 3, 2020, 7:44 AM
|
|
Or something like that, right?
|
|
|
|
|
|
Oculus Spirit [85339]
TigerPulse: 100%
Posts: 24920
Joined: 5/21/14
|
But rates are low. If you have cash, buy later
Sep 3, 2020, 7:44 AM
[ in reply to You should buy Now ] |
|
If borrowing, buy meow.
|
|
|
|
|
|
110%er [7182]
TigerPulse: 100%
Posts: 3176
Joined: 10/20/12
|
Re: I don't see it falling,
Sep 3, 2020, 7:43 AM
[ in reply to Re: I don't see it falling, ] |
|
That's a tough decision given the current environment. My only advice would be to be ready to pull the trigger on a home when you feel it's right.
There's far too many data points for anyone to even begin to look at & try to decipher the housing market code. I wish I had more information for you, but this is such a personal purchase & only you can decide what a house is worth to you at that moment. Good luck & keep us updated!
|
|
|
|
|
|
All-TigerNet [11640]
TigerPulse: 100%
Posts: 9796
Joined: 5/17/02
|
Continued climb....
Sep 3, 2020, 10:32 AM
|
|
Two reasons.
1 - Demand. COVID-19 slowed new construction causing a large drop in supply and new construction looks to remain slow due to material shortages.
2 - Interest rates. 30-yr rates for new construction are as low as 2.375% and refi's/purchases as low as 2.5%. This is causing a bunch of people to upgrade.
|
|
|
|
|
|
Orange Blooded [4701]
TigerPulse: 100%
Posts: 2189
Joined: 5/21/05
|
Depends on who takes office...
Sep 3, 2020, 10:40 AM
|
|
Trump wins, the market remains strong. (I work for a real estate firm and we were having a record year prior to COVID and sales are steady now. People at this point holding off until after the election, at least in the luxury market).
|
|
|
|
|
|
Hall of Famer [21940]
TigerPulse: 100%
Posts: 8600
Joined: 9/11/11
|
my personal theory
Sep 3, 2020, 10:45 AM
|
|
I think we'll see prices surging in counties outside of typical suburbs of big metro-areas. Suburban counties will continue to hold value, slowly creeping up.
The sweet spot for investment, in my opinion, is developments that are one or two counties removed from a metro area, and with an hour to hour and a half commute to a major airport.
I think there will be a significant amount of families that would see value in that, and given the changing climates in where and how people are working, I think we'll continue to see people moving.
|
|
|
|
|
|
Replies: 9
| visibility 323
|
|
|
50
