It’s a hard statement to swallow for all the Americans currently paying more on their mortgage than their home is worth. But longterm it makes sense.
At the worst, real estate home prices will remain stagnant for five years. That makes some panic. However, buyers looking for security, a place to raise their family, a place to call their own should be looking at staying in a home longer than 5 years.
On the other side of the coin we have sellers. Sure, there may not be as much ‘easy money’ in doing weekly ‘flips’ (remember all those TV shows that emerged from the idea? How many of those do you see on TV now days?). But this only means the serious Realtors will stick around. Which translates into better service for real buyers.
It’ll take a lot of work on behalf of the Real Estate Agents but the market is there.