Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

What's going to happen in 2015?

Notify me of new replies via email
Penny L. | 23 Dec 2014, 04:32 PM Agree 0
Time for a fun chat.... what do you guys think 2015 will hold for real estate?

I think we'll see more of the same! Prices will cool because of oil, and that will only make more bidding wars - because inventory is still going to be low. Those are my thoughts!
  • RealtyPoint | 24 Dec 2014, 10:51 AM Agree 0
    I think we're going to see a real change as the price of oil stabilizes providing for more disposable income but less tax revenues for governments.
    More money in our pockets leads to an increase in governments taxing us because of their falling revenues.
    More money in our pockets leads to the possibility of interest rate increases to cool off inflation worries, leading to more houses for sale (do to mortgage increases) but a cooling of prices due to affordability issues.
    Not to be all pessimistic but a cooling of prices and a glut of inventory may even lead to more real estate agents parking their licenses while they figure out how to make money elsewhere.
Post a reply