Everyone is looking for the “roadmap” for real estate right now! Having been at the epicenter of the 2008 crash, I am constantly educating folks on the similarities and differences between the two.
Basically, in 2008… housing CAUSED the crash. In 2022, housing is a symptom of the “mess” in the overall economy due to policies over the past 2.5 years.
All that being said, it’s a scary time for many people…
- For buyers that “got in” in the past 6 months (remember, if you sold and then bought, you’re probably about even)
- For sellers that “missed the opportunity!
- For real estate agents who have never been through a shift!
While I don’t 100% agree with the timing described in the video below… I DO believe that the trajectory is accurate.
Sure, we could see some additional challenges in the housing market. (Keep in mind that we’re also seeing typical seasonality play into the market shift).
BUT, I 10,000% believe that the next 6 months to 24 months (depending on what the feds do) will be a prime time to buy in the Austin area. As soon as interest rates start to tick down, we’re going to see the pendulum start swinging back.
Now is the time to buy at a discount with the intent to hold for the ride back up… My husband and I are planning to buy 8-12 properties in the next 18 months (Plan: Buy cash, fix up, rent, cash out for positive cash flow, repeat!)
Yes, interest rates are higher than they have been, but interest rates are temporary!
If you want to talk “strategy”, let’s set up a quick call/coffee/lunch in the next week or two!
