Being the futurist/economics geek that I am, I discovered Nick Gerli's channel, Reventure Consulting, last spring or early summer, I think. This video is ten minutes worth of really solid information.
When The Fed started raising interest rates, just about a year ago, I started looking for people keeping tabs on where real estate was going. I expected the hyper-FOMO market to top out and begin to turn downward in 2022, which it did. After checking out several YouTube channels, I started watching Reventure Consulting regularly, not really sure about his predictions at the time.
His thoughts and forecasts proved right, time after time, over the last several months, and he watches the local markets, all over the U.S.. I know most of you don't want to watch these types of videos, even if you're thinking about buying or selling a home, or wondering what to do in your own personal housing situation. This ten minute video has a lot of info packed in it, so it's a great one to watch right now. Nick looks at the actual, current, data, and has a long term perspective on overall trends, which is amazing for as young as he is. This is solid, data-backed info, on the not-so-great direction of where real estate is headed right now, overall.
With Nick's new U.S. real estate app, currently free as I write this,* you can look up lots of stats on your own area, down to zip code zones, or any other region, around the country. If you have any interest in where real estate is heading in 2023, watch this video.
Check ou tmy new blog about finding new uses for old buildings
* Not a paid link.
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