Discover the accuracy of Allen's market forecasts and what's next.
In this insightful discussion, I sat down with real estate expert Allen Johnson to review his market predictions from December and how they’ve played out. Allen accurately foresaw stable interest rates, troubles in the commercial real estate sector, and challenges in secondary and vacation markets. He also highlighted how real estate agents are feeling the market’s impact more than homeowners and predicted a stabilization of home prices.
Looking ahead, Allen shares his forecasts for the next quarter, emphasizing the importance of quality real estate and evolving trends in multigenerational living and luxury markets.
To understand the details, check out the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:44 — Rates will remain stable
1:12 — Commercial world will face trouble
1:35 — Secondary and vacation markets are going to get hit harder
2:00 — Agents are going to feel this market more than homeowners
2:25 — Home prices will stay flat for the first time in a decade
3:21 — Some markets are being defined and redefined
3:57 — Showings are down 12% but Active Listings are up 14%
4:20 — Types of Market
4:45 — Quality homes are still selling fast & for more than its listed price
5:01 — The luxury market is developing
6:00 — What to expect in the next quarter
6:36 — Rates are not within our control
7:03 — Wrapping up
We hope this market prediction has been useful for you and your home-buying journey. If you have any questions or need further assistance, please don’t hesitate to reach out via phone or email.
