Realtors Release A Scary Forecast On The Real Estate Market

Business

In 2016, a former motocross rider created a promotional video to advertise his new job as a real estate agent. Yes, indeed, real estate agents can ride motorcycles to home showings. It may or may not elicit strong reactions from clients but they will certainly understand the love for freedom and excitement. For the road bike range, there is Moto Guzzi for sale from UK dealers.

Meanwhile the forecast for 2019 that was released by California Association of Realtors (CAR) on the real estate market is a little scary. It is common for many housing economists to wait for November or December before they release their predictions but CAR’s forecast showed confidence regardless of whatever happens in the coming weeks.

Whenever realtors say that there might be a little adjustment in the market, people must take it seriously. The last time that CAR made a prediction about a minor correction in the market, property values fell heavily.

Realtors usually have the natural tendency to keep to a minimum any downturn in the market. By nature, realtors are optimistic and believe that they need to enthusiastically promote their services. However, when there is a forecast of modest decline in existing home sales, people should take cover.

The existing number of homes sales this year is lower than 2017 and CAR expects that sales will drop further in 2019. Inventory is scarce this year particularly properties that are below $450,000. For the coming year, inventory is expected to increase but there will be fewer buyers due to economic and demographic factors.

According to President Trump, the biggest threat is the Federal Reserve that has increased short term rates for the third time this year. Mortgage rates increased to the highest level in 7 years and created uncertainty among home buyers and equity traders. Property values are climbing too high and buyers are spooked.

If you are looking for a classic motorcycle with touches of modernity and technology, your best option is Moto Guzzi for sale from UK dealers. There are updated versions of the classic design if you want to make heads turn when you drive through the streets.