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Home Prices have peaked! The direction of the “Market” is down. I use national Indexes and I find the: Median: price represents the National Housing Market best. “Average” Sales can be distorted by more sales in the lower range or the upper range. My personal thoughts are Foreigners are purchasing expensive homes in the US as a “Safe Haven” and are distorting the indices.
Viewing the data from FRED, it is clear that prices peaked in 2022.
I still am forecasting property prices to decline.
This is just a signpost along the way confirming where we are in the Real Estate Cycle Completion. Fortunes are yet to be made.
If you would like to consult, contact West USA 602-942-4200 and ask for Michael Douville
Patience is now required. If you purchase now, you risk losing 30% or more that may take 5-10 years to recover.
However, if you are patient for the next 12-18 months, you might be able to have a Life Changing Opportunity.
I am encouraging Investors in Endangered Cities to move their investments to better markets via an IRC 1031 Tax deferred exchange. This is very inexpensive and does not trigger a tax implication.
Schedule an appointment to review your situation.
Let’s get ready to invest when the time is right. Contact me to schedule an appointment.
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Classes for Investing are being scheduled in Phoenix, AZ.
Michael Douville’s Investment Books:
How To Create A Real Estate Money Machine and Retire With Income:
https://www.amazon.com/Create-Estate-Machine-Retire-Income/dp/0996738517
Real Estate Investing for Beginners:
https://www.amazon.com/Estate-Investing-Beginners-Creating-Generational/dp/0996738533
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