Zillow Surveys Economists and Real Estate Experts for Opinions on Top Real Estate Markets
We are going to chat about those markets and then discuss the other end of the spectrum – the 3 real estate markets that are expected to underperform the most – and if you have been paying attention, I don’t think you will be surprised!
While a good old fashioned poll has its place, it is always a good idea to keep in mind that what this asked for was an opinion. No stats, no data on what makes the top real estate markets worth calling “The Top Real Estate Markets” – just opinions. So make sure and keep this one firmly in the category of – fine, but I will want data eventually.
Perhaps just use this as a way to start a conversation in your own mind about whether or not these markets are worth considering for a potential investment or even to evaluate an investment you may already have in one of these cities to decide if you should make a move to sell that property, or use it for a different purpose that better fits with the expected reality on the ground.
Of course, we all want to know what markets are expected to perform best, but getting a feeling for the real estate markets that the ‘experts’ are calling out as the most likely under performers can be just as helpful.
When the markets they are talking about also happen to be some of the most historically robust and followed real estate markets, it is worth understanding why. If you have listened to previous shows, you are likely not going to be surprised by the markets that take the award for being the worst. Even more important is to ask yourself, why are they the worst?
These areas also happen to be places where we have seen the biggest numbers of residents moving away – not a coincidence in my opinion.
Join me as we chat about these markets and see if we agree with the opinions of the experts.
Article Referenced In Todays Show:
Check Out The Last Show!
I came across an interesting article where the Chief Economist for the National Association of Realtors suggests that home prices in 2023 will go up by about 1%. We will chat about that and offer up an alternative viewpoint – particularly regarding what is likely to happen right here in Silicon Valley.
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