In
any event, I found myself updating two of my listings this morning on Zillow,
and stumbled into some grandioso proclamations via Zillow’s “June 2012 Housing
Survey.” The survey polled 114 leading real estate and Housing experts, notable
economists and market strategists, and the like on a number of things Housing-related.
In
any 5 year forecast of Housing, there are just too many factors in play, and
factors that quite simply can’t yet be addressed as they lurk unseen or unborn, to
accurately predict the next five years. Nothing is absolute. Yes, mortgage
defaults and more and more foreclosures are all but certain. In fact as I’m
typing, I’m sure a handful or more of lis pendens and other types of
foreclosure filings are being filed. The instability of European currencies and
governments, with the same unfolding here stateside, Presidential and Congressional
seats changing and reforming the political landscape, at least two more
appointees to the Supreme Court this next Presidential term, aliens landing on
the foot of all major capitals demanding loan modifications, you get the drift…
So,
in the absence of absolute knowledge of the next five year Housing
cycle, stay tuned to Jason Bernabei's "Monday Morning Market Watch" to see it all unfold
right here in real time. I promise to keep my ear to the ground and my
nose out in the field. In the interim, feel free to contact me if you
are looking to refi, or need a purchase loan, or are looking to buy or
sell property, need a good short sale negotiator, or if you just want to
shoot the breeze on Housing.
Jay's Outlook: ...

Jason Bernabei, TriCastle Realty