What’s The Good News? December 2020 Real Estate Market Update

Whats The Good News? National Real Estate Market Update

There are so many businesses that have been negatively impacted by the Health Crisis that’s caused an economic downturn in 2020. There is so much negative out there, I always like to also make note of some positives. Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. Applications for New Businesses have skyrocketed recently more so than in the past 15 years. So people are seeing a need, realizing that they can shift and do something different, people who are realizing that they can make a change and become their own bosses. They don’t have to feel stuck, they are seeing a need and starting a business to serve that need and fill the gap. During the Housing crash back in 2008 and during the great depression, many of the great companies of today were started and innovation was rebirthed. According to the Home Price Expectation Survey which is made up of responses from a panel of over one hundred economists, real estate experts and investment and market strategists,
they anticipated cumulative house appreciation over the next 4 years through 2024 to go up. The bulls, the more aggressive ones predict an increase at 4.6%, and the bears, the very conservative predict cumulative house appreciation at 1.4% with all projections averaging an increase of 3.1% cumulative. They are also anticipating potential growth in family wealth over the next five years to increase to just under 51,000 (list on screen $50,859). This is something to look forward to. I realize that there is a lot of negativity going on out there but it’s always nice to focus on some of the positives. If you’re thinking of buying or selling here locally in Bryan Texas 77802 and College Station Texas 77845 my team and I would love to assist you. Always reach out for any advice or feedback as we’d love to help. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.

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