It’s overvalued in my market at the moment, (Dallas) majority of properties sitting on the market for over half a year and making several list price reductions. COVID inflated the market a bit too much and it needs to come down… 10-20% would be a fair amount I’d expect it to drop over 2 years.
But there are a lot of external factors I’m not considering in my estimate: like idiotic tariffs, incompetent leadership at the state level, and a possible demographic shift depending on how people react to immigration reductions (and possibly net emmigration)… I give a significant chance something out of left field will upend the economy 🤷♂️. But who knows when the people in charge change their policies every other day and then insist their new opinion has always been their super secret plan all along…
It’s overvalued in my market at the moment, (Dallas) majority of properties sitting on the market for over half a year and making several list price reductions. COVID inflated the market a bit too much and it needs to come down… 10-20% would be a fair amount I’d expect it to drop over 2 years.
But there are a lot of external factors I’m not considering in my estimate: like idiotic tariffs, incompetent leadership at the state level, and a possible demographic shift depending on how people react to immigration reductions (and possibly net emmigration)… I give a significant chance something out of left field will upend the economy 🤷♂️. But who knows when the people in charge change their policies every other day and then insist their new opinion has always been their super secret plan all along…
About what I figure too. Lot of variables and curveballs. Not a lot of upside.