Urban Land Institute Predicts Positive Economic Changes for New YearA new presidential term always brings change, especially when it comes to the economy. But despite the doom and gloom of the media, the overall economic outlook for the country and real estate market seems relatively positive, according to a recent Urban Land Institute webinar. An uptick in jobs might simultaneously bring an uptick in housing, as financial stability will lure side-liners into the housing market. "When you look at where we ultimately are, we're in a really good place on a comparison basis,” said March. The biggest change that will come? According to Rosen, it's inflation. "Our best guess is inflation will be in the 3s and probably going over 4 percent. That is a big change." Historically, inflation and home prices are directly proportional which means that higher inflation will most certainly mean higher prices in the future. Therefore, I encourage you to buy your home sooner rather than later.
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