Where is the housing market going over the next few years. The answer is very clearly, nowhere. And the only reason the prices of homes are being jacked up, is due to manipulation. Let us look at simple math and the only math that will make sense.
According to this article, Realtor.com® 2017 National Housing Forecast, the 2017 housing market will be a year of slowing, yet moderate growth, set against the backdrop of a changing composition of home buyers and a post-election interest rate jump that could potentially price some first-timers out of the market.
There is so many way this can be interpreted in the real estate market. What I am talking about is literal. Before you buy you better know how much water you are going to be under when the “flood” comes.
A friend of mine was thinking about buying couple of properties for cash flow purposes. He asked me to have a cup of coffee with him and go over his numbers to make sure that he did not overlook anything. Since I love “math”, I even offered to buy the coffee :).