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The chart says 2030 for SW Florida? Of course the government always revises numbers don't they.
– And Cheeves said until an investment banker reintroduces "No Income Verification loans". If you are in financing in NJ, you should be aware they are back and mainly in NJ,NY, MA, CA markets. I always see this one guy in central jersey advertising and send prospects to him. With financing coming back for residential, prices will go back up and tail off as rates go up. I see the Multifamily market slowing once that happens as the home buyers move into homes instead of renting. You know how the cycle goes.
Dad cat bounce sounds like a stock. I like fibonnaci rules. The Florida market is always number one for foreign investors.
Anyways, I'd like to see Freckles numbers on large metros and malls. All I see when visiting major metros like L.A. are construction and building up since there is no more space to expand. Even in cities 40 miles out, the malls are expanding. I think it depends on the area where expansion (or gentrification) is occurring. Price per sq ft is going up everywhere I can see so I'd lean towards an improving economy and cost cutting by the major tenants closing down stores.
One thing I do know though is prices cannot continue to go up when interest rates start to rise which is imminent. If the FED believes in the gloom and doom, then we are in luck to fetch a property with low rates and better COC returns.
