A Look Inside the Crystal Ball

Image result for crystal ball

Here are three predictions about the housing market, according to the Home Price Expectations Survey compiled by the research firm Pulsenomics.

·         “Our most optimistic group of experts expects 31.2% cumulative home value appreciation through 2024, while our most pessimistic group expects a cumulative gain of just 7.8% over the same period,” reports Pulsenomics. The discrepancy among real estate experts is likely because this past decade has been unusual and therefore not a good predictor of what the future may hold. Is this lengthy seller’s market the new normal, or will the housing market eventually return to its historic patterns?

·         Members of Generation Z (today’s young adults under the age of 24) are expected to exceed the homeownership rate of millennials when they reach ages 35 to 44.

·         A significant number of those polled in the survey say younger millennials along with the Gen Z demographic may have an easier time qualifying for their first home purchase because housing values are predicted to even out, causing the required income-to-mortgage ratio to decline.


Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.  

Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker,

MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First- Principal Broker, Washington First-Managing Broker

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website 

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