AgentBrokerage

Real estate outlook: scattered showers of optimism

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Real estate has become the bad news bear of an economy that is trying to break out of bearishness. In fact, I Googled the word "doldrums" the other day and one of the first results was a set of news stories about home values! After four straight years, the virtually incessant onslaught of downer stories about the housing market is exhausting -- even though these stories may reflect the actual state of affairs, and I suspect signal a new normal of much slower appreciation than we're used to, until the job and mortgage markets find some deeper healing. However, I have come across a few bright spots in the real estate news lately, which I want to share. Negative consumer sentiment in real estate and most other economic markets is truly a self-perpetuating cycle: the more negative we are, the less likely we are to buy homes, and that further depresses the market. I think this break from the bad is important, and not just for morale, because it exposes us to new ...