01/05/2022
My top 5 Real Estate prediction that didnāt come true
1. Zillow I-buyer will take over the market! Well we all know how that worked out. Real estate is more than buying a car. It takes a real
professional not some machine to help people get the best value for their house. I think we have said enough about the Zestimate. I still love Zillow for the information it gives everyone without being on the realtors MLS
2. Foreclosures/ Forbearance. Again something else that really had a minimal impact on he market. Thanks for the bank really not wanting
to foreclose on the American public. The predicted foreclosures didn't happen. with the appreciation of the real estate market, people were able to sell their house's
3. The market is going to crash! I have had so many people last summer tell me it was over. The market can't keep going higher. A lot of
people put off buying by listening to someone saying doom and gloom. The people who bought are happy and the other one's need to buy now. I had someone who I deeply respect say "What if now is as low as things are going to be"
4. The inventory is going to increase the 3/4th quarters of 2021. Price's will stabilize. Well inventory went up a small bit here in North
Florida in September and October. Then only to start falling November thru today. Inventory is now very low. A little over a month of inventory.
5. The DISCOUNT Brokerage real estate model is dead and buried. It was tried years ago and didn't last. Having started 1% list First Coast, I find that one hard to believe. I think people deserve a choice. To pay more or pay less for the same service. People tell me you only get what you pay for! That might be true, but if you been overcharged for years. You just don't know about it. I use to buy fish from a guy who said look I don't have a big boat, I don't spend a lot on gas and my payments are cheap. I just pass the savings on to you.