Eileen's Blog

10 Reasons the Housing Market Could Go Balistic this Spring

March 5th, 2015 1:48 PM by Eileen Denhard

Joshua Brown, in a Fortune Magazine article, 10 Reasons the Housing Market Could Go Ballistic this Spring, suggests that an early, robust spring selling/buying season is a real possibility. Mr. Brown cites the following as the basis for his prognostication.

  1. Most believe that interest rates are about to rise.
  2. Pent up demand exists in some buying groups.
  3. Millennials are poised to "bust out.”
  4. More college-educated people are finding good jobs.
  5. Average hourly wages are increasing.
  6. Many minimum wage employees are getting wage increases.
  7. Home-builders stock prices are showing signs of break out
  8. More people are getting into the stock market
  9. Senior loan officers are saying that credit standards are easing.
  10. Ground breaking new home starts was up 6.4% in 2014.

The author at the end of the article states, “Again, take this (and any other predictions) with a grain of salt. Even if you disagree with this call, hopefully it has at least given you something to think about.” Henry Ford, once said, “Whether you think you can, or you think you can't--you're right.” Being optimistic is trait that every real estate professional works from every day.

Posted in:General
Posted by Eileen Denhard on March 5th, 2015 1:48 PM

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