ilmscore | State of Real Estate in 2024

State of Real Estate in 2024

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
Commercial real estate market will see more opportunities due to high interest rates leading to bad debt and loans being called, while residential will be less affected due to locked-in rates.
"I've been seeing opportunity starting to knock at the door it's coming in slow but it's coming... there's a lot of bad debt out there right now the rates are higher... it's time for that loan's going to be up and this goes on with any kind of commercial... you're going to start seeing opportunities now because there's a lot of bad debt out there and they're keeping it quiet."
Commercial Real Estate Market
Pending
Interest rates are predicted to come down eventually, but it will take a long time to return to 3.5%.
"right now you interest rate should be coming down but it's going to be a while till I get get back down to three and a half%."
Interest Rates
Pending
Foreclosures are coming, and New York is expected to be an early indicator.
"but the forclosures are coming I can tell you that I see a lot of [ __ ] happens in New York first."
Real Estate Foreclosures
Pending
The real estate market will experience a downturn, creating opportunities for investors to buy low and ride the next wave up.
"everything's going to come down it's going to be opportunity every Market is this I don't care what it is you just gotta get in when it's down here and ride it up baby ride that wave but it's coming."
Real Estate Market Cycle
Pending