Signs pointing to tough 2024 for property may be deceptive
Housing cycles were once fairly predictable, but despite economic indicators pointing to a tough 2024 for the property market, things might be different this time around.
Property cycles were once deemed a reliable indicator of where the market was heading, but 2024 offers reasons for a rethink. (Image source: Shutterstock.com)
I am always asked market predictions and that request has elevated to very high levels as greater uncertainty with greater market uncertainty surfacing.
History has been a great teacher around the real estate cycle. I could usually predict what was going to happen with the market almost to the month, as I have navigated through seven real estate cycles in my career over the past 45-plus years.
The lessons of the past have run through every cycl…
