Many people try to time real estate markets or predict when the ups and downs will be. While it seems easy to time a real estate market after seeing what happened in the past, it is much more difficult trying to predict the future.
The world’s smartest economists have trouble predicting real estate markets. There are so many variables that come with real estate it is almost impossible to predict what will happen, let alone when! Even if you could have an idea of a downturn or upturn coming, it is very hard to know when the bottom or top is or how long the good or bad times will last.
This post appeared on Real Estate Research.