Kevin
Favorite Answer
probably not until after 2020. I think the economy is going to remain incredibly strong throughout the entirety of trumps first term. Trump will likely win a 2nd term because of this, and then there will likely be a recession in 2021 or 2022, and then a democrat will likely win the 2024 election. Similar to how 2000-2008 played out
roderick_young
Consider the specific area. Are jobs coming to the area, or leaving? If it's a small town, and jobs are leaving for the city, then prices should drop. Or if a major industry has exported jobs. In an area next to, say, a Google or Apple campus, I wouldn't expect a downturn any time soon.
Anonymous
March 7 at 1:17 pm.
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It varies market to market. Some areas haven't seen any upturn since the 2008 bubble pop while other areas may still be strong even when the general market has a downturn. I've seen a general weakening of sales where I am already in the last month but I'm not sure if this is the start of a downturn or just a seasonal thing as fall comes to an end combined with interest rates going up a bit.
My best guess is that we'll have a few more years of decent price gains but I really don't know and neither does anyone else.
Gabe
let me make a phone call... You have 8 minutes.