Apr 14, 2016
Moodys and Money try to look WAY over the horizon!
So the folks over at Moodys and Money Magazine have taken on a tough task. They have crunched the numbers and laid out what they think home prices are going to do in the top 20 metro markets!
So we are going to take some time to look through all the numbers and see what they believe is coming over the horizon for these areas. What is most interesting is less about the specifics. Frankly, predicting things like this out that far is a crap shoot. What is interesting - and I think is more revealing - is the implication of what they think the trend will be. Overall, they see 2017 and 2018 and years of decline in terms of price growth. Most areas show declining positive growth - although some show very little or even show reductions in property values. So the real question ends up leading us to wonder why they see this 2 year slow down/decline. I think the trends are worth remembering and considering the possibility that many more of these areas may did down into negative territory if what we have heard from some economics talking heads are true when it comes to expectations regarding a renewed recession.
If you would like to check out the article yourself, head on over to http://www.therebelbroker.com for links to the stories covered in the show notes.