Will 2021 Be The Year Of The Crash?

Most are talking about a great real estate year ahead. Are they
right?

If you browse the news today, the general opinion seems to be
that things are just ramping up for an amazing year for real
estate growth and appreciation. Maybe they are right.
However, being the person pointing out issues and potential
pitfalls in the market is the same place I found myself in
back before the real estate downturn in 2007.
The media seems pretty convinced on what will happen with
real estate in 2021

The headlines are hard to miss. Take a second to google "2021
real estate" and you find headlines like this:


Sales Are Booming; Estimated to Exceed $160 Billion in
2021

San Diego home prices expected to rise 8.3% in 2021

New Mexico's 2020 real estate boom expected to carry over
into 2021

The U.S. markets that are poised for a post-pandemic boom
in 2021



I get the feeling that the popular opinion out there is
pretty bullish!  The consensus seems to be that 2021 is
likely to be a real estate boom year. Are there any reasons
to be more concerned about how things will play out in 2021?


In today's show, we explore some of the concerning elements
of the market that we should all be keeping an eye on.
What, me worry?

Unfortunately, I believe that there are plenty of reasons to
be more than a little concerned about what 2021 might just
mean for the  market. For those that can remember, just
before the big downturn in 2007, the pundits that were saying
we were heading into a real estate market crash, like Peter
Schiff,  were literally laughed at. Of course, he ended
up being proven absolutely correct – but remember all the
experts were calling him crazy. Even in my own business, as I
was helping people purchase homes, I was warning them against
over leveraging their properties or buying too much home.


I find myself experiencing what can only be described as
"Real Estate Deja Vu" all over again! Our current real estate
market has ridiculously low inventory to thank for this
surge. What happens when that goes away? As we have discussed
in past shows, what a credit rating actually means as been
reduced so that money can be loaned to folks who would
normally not qualify. Remember, banks only make money when
money is moving and the biggest way to make money move is to
loan it out.


We will take the time today to summarize some of the latest
news that paints a picture that should leave more of us
worried for what will happen in real estate in 2021.


Join me for today's show where we will chat about all this
and a few other tidbits!
Articles Referenced In Today's Show

FHFA Extends Relaxed Pandemic Lending Standards

Americas Slide Into Economic Oblivion

Biden To Provide 25 Billion in Rental Assistance

COVID-19 Vaccine Could Increase Inventory

Exodus Continues as Point 72 Opens West Palm Beach
Offices

Miami Mayor Pushes For Hi-Tech Companies In Silicon
Valley To Move In

Federal Government Moves To Encourage Home Buying



 


California real estate a lost cause for investors? 3 Reasons





 





Interested in getting free content, advanced notice of
upcoming events and real estate exclusives? Then
simply join the Rebel
Underground by texting the word
'rebelbroker' to 44222 – or click the button below.
When prompted, text your email address and you are in!


JOIN THE REBEL UNDERGROUND!
SPONSOR

Audible.com – Audible is offering
real estate realities listeners a free audiobook of your
choice and a free 30-day trial membership. Just go
to http://audibletrial.com/rebel and choose from
over 180,000 audio programs – download a title free and start
listening!


SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK
AND 30 DAY TRIAL!


#realestate,#investing,#realestateinvesting,#entrepreneur,#inventory,
#Realty,#Realtor,#Realestateagent,#Homeforsale,#singlefamilyresidential,#morganhill,#mohi,#siliconvalley