In terms if real estate, will it still be a buyers market 5 years from now?

Question

In terms if real estate, will it still be a buyers market 5 years from now?

Answer 1

Good question.

Interest rates are heading up and loan to value ratios going forward are going to be under a magnifying glass. (20% rule)

If you have cash for the down payment, I think that the next few years will offer opportunities.  Unfortunately I do not have a crystal ball, and 5 years in any market is too far out to see.

As the rates go up, so do the payments.

Back in the late 70's the banks were offering 18-20% home loans.  Recently people had 5.5% loans!

Good luck!

Answer 2

nobody knows forsure, but it's unlikely prices will rise sharply in the near future and will likely keep falling.  most of the price rises were caused by crazy loan products which are now a thing of the past.