Expect More Houses and Bigger Flags this Spring
Key Points:
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Behind the Curtain with Market Guru
– Bernice Ross, a renowned trainer and author in the real estate sector, spoke to Rick Sharga, market expert and ‘oracle’ to those in the industry. The topic on table: upcoming spring real estate market.
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The Spring Spurt
– Rick Sharga expects an upsurge in listings in the spring. We can hear estate agents cheering from here!
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Red Flags and Potholes
– Sharga points towards an unstable economy and higher interest rates as two significant warning signals. These might take the spring out of the spring market.
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Emerging Markets: The New Pink Zones
– Sharga moves the spotlight to emerging markets as potential saviors. Your next dream property might just be in the middle of nowhere!
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Luxury Market: Not-So-Luxurious Phase
– Sharga paints a less-than-rosy picture for the luxury real estate market. Looks like those beachfront mansions will have to wait!
And now for our hot take:
Hot Take
Ah, Spring — a time of rebirth for nature and, apparently, real estate listings! According to guru Rick Sharga, we’ll see an explosion in listings that’s more exciting than a New Year’s Eve firework display. But don’t pop the champagne yet, warns Sharga, as an economic boogie monster and the interest rates boogeyman are hiding in the closet.
For those of you who love a good adventure, keep your eyes peeled for emerging markets. They’re like the cool, hipster districts of the real estate world – not mainstream, yet. For those with a penchant for luxury? You might need to ‘paws’ your dreams about securing a mansion next to the Kardashians’. With unstable terrain predicted for the ritzy properties market, maybe it’s time we all embraced the concept of ‘tiny homes’? This spring, we might just see more red in the market than a kid let loose in a paint shop! But as we know, it’s always darkest before the dawn…or spring in this case.
Original article: https://www.inman.com/2024/02/20/heres-what-lies-ahead-for-the-spring-selling-market/
