Bill has his annual forecast on home prices here:
https://www.calculatedriskblog.com/2020/12/question-8-for-2021-what-will-happen.html
Here is a snapshot of the forecasts:
(I was reading the previous chart wrong when I said that all were forecasting 7% to 10% appreciation. This is the accurate chart, with the old fuddy-duddies still lagging behind in the safety zone of 2% to 3%)
THE FRENZY IS COMING!
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Is this the official JtR 2021 prediction thread? If so I will post again but for now…
The huge demographic groundswell of house ready millenials will drive prices much higher. The municipal imposition of covering costs plus will make new supply rare. Money printing drives investment into tangible assets.
Double digit appreciation in the recorded sales. Stagnation in the houses that don’t sell.
I dont think anyone could have predicted this year but just for laughs did you go back and check yours from last year?