There have been a lot of articles, news stories and speculation about real estate and the recovery of its value lately. I can’t say how many times in the past few months I’ve read or heard that either residential, commercial, or both types of real estate will sell at a higher appreciation value in 2013 along with inventory moving better than in recent years.
Its true that prices have modestly risen for residential real estate for several months now, but it really is a reflection of low inventory and buyers bidding more due to this market environment. But is real estate a sure bet now?
If I really had a crystal ball like the title to this blog falsely states, I would tell you! But no one, and I mean no one knows for sure what the future of real estate will bring. Yes, some analysts have crunched numbers that help them make more educated guesses, and many professionals close to the real estate industry and markets have instinctual compasses that help guide them. But only someone with a time machine, or a crystal ball that really works, could say for sure where real estate is going.
With all of that said I do believe that real estate is on the mends, but that is just my professional opinion. I say “professional” because I have a better pulse of the markets than someone that doesn’t work in real estate; but the real emphasis should be on the word “opinion.” Its just my opinion.
So move cautiously ahead. Know that nothing is fore sure except for death and taxes!