Will Surges in Home Prices Last? | Think Realty | A Real Estate of Mind

Abstract

Ingo Winzer is president of Local Market Monitor and has analyzed real estate markets for more than 30 years. In five of these markets, the number of jobs grew rapidly in the past six months. The markets with weak job growth are very likely to see a decline in home values after next year. Winzer: The boom will just fizzle out. Eventually, all markets get back to a balance of jobs, income, and home prices. But we’ll see some big differences in how long that takes. The Boom will be back. The boom would just fizz out, but the boom will get back. It will be more likely to be over-the-to-heavily-fizzing out.