Podcasts Business Flipping America Flipping America 444, The 2021 Market Forecast

Flipping America 444, The 2021 Market Forecast

Published: Feb. 15, 2021, 5 p.m.

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The click-bait con artists on YouTube are making money telling you the housing market is going to collapse in 2021. Today I\\u2019m going to tell you why they are wrong.\\xa0

If you were following real estate at the beginning of 2020, you would have been able to find any number of morons on YouTube talking about why the real estate market was going to crash in 2020. They didn\\u2019t have statistics to back up their claims. The closest some of them got to logic was to refer to the cyclical nature of the economy. They would say \\u201cit\\u2019s time.\\u201d Some even said, \\u201cI don\\u2019t know what\\u2019s going to happen, but something will. It does every ten years.\\u201d\\xa0

\\u201cHogwash\\u201d said I. All of the data pointed to a robust year. I confidently predicted a 7% rise in the value of homes by the end of 2020. I also predicted that we would see a drop in the number of homes sold, but demand in excess of supply coupled with low interest rates would push the price up.\\xa0

Then the pandemic hit. And I was told by many, \\u201csee? I told you so. I told you something would happen.\\u201d I agreed then that something had indeed happened, but it was going to take a moment to figure out the impact of it. After 30 days of reflection I revised my previous prediction down from 7% year over year gains to just under 3%. As I\\u2019ve said on this show many times, all of the major real estate outlets revised their 2020 predictions to a 3% decline in prices.\\xa0

In the end, my original prediction of 7% gain turned out to be spot-on accurate and the real estate market as a whole was one of the bright spots in the US economy in 2020. So what will 2021 be like? Can I continue my streak of accurate predictions? Will I ever get the number of clicks the Chicken Little Sky is Falling Real Estate is Crashing con artists get? The answers are YES and NO.\\xa0

Alarmist headlines get noticed. You know the old saying in the newspaper industry - if it bleeds it leads. You\\u2019ll never see headlines about the cat that got itself down out of the tree, or the fire that was averted because people used normal safety precautions. You also won\\u2019t see a lot of hype about a generally positive forecast in the real estate market. But do not despair!

I don\\u2019t care about clicks. Not really. Real estate moves slowly and is relatively boring. That\\u2019s a major reason I love it! If you will take a bit of time to study it, and understand the various leading indicators, you too could be as accurate as me. But if you need or want clicks and a monetized youtube platform, you\\u2019re probably going to have to scare people a little.\\xa0

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437) \\xa0 ext 1. Leave your message or your question.\\xa0

Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\\u2019t mind.\\xa0

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

Announcements:

  • We\\u2019re kicking off a new round of coaching in January. In six months I will tell you everything you need to know about real estate and real estate investing to set you on the path to financial freedom and generational wealth. My coaching program starts with a one-on-one interview with you and based on the person you are and your life situation, we develop and agree on a real estate strategy that fits you. You then have access to a series of online training courses to provide content and context. And nearly every Wednesday evening there is a group coaching call. Whether you want to own income properties, flip houses, or invest passively, we have a proven plan that\\u2019s right for you. Go to bit.ly/sixmonthcoaching and sign up today.\\xa0

News:\\xa0

Topic: Housing Markets 2021

Motivational Quote:

\\u201cKindness is for your soul as health is for your body: you do not notice it when you have it.\\u201d Leo Tolstoy

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