Housing Market Predictions

  • squeeze on affordability with continuing high and higher interest rates.  Also inflation is eroding the amount of cash available each monthly payments.
  • Empty Urban office buildings will cause more strain on banking system.  Urban building owners may not default, but will negotiate better terms.  This impact banks profits.
  • Empty Urban office buildings are being considered for conversion to residential use.  Prediction: this will occur over the next few years to a very minimal amount
  • properties bought as air-bnb’s man have hard time making monthly payments.  Often the basis to purchase these investment properties is made assuming near-full occupancy and at rates in effect during a boom economy.  A modest economic downturn and high inflation can alter the decisions of travelers for short term rentals
  • Crime issues will cause a significant number of home buyers to avoid major cities and locate in suburbs.