Over the past 15 years of being an agent licensed to sell real estate in the state of New Year, I have been able to conclude that maybe, the only fact about real estate, is, it is constantly changing, in a variety of ways! For a few years, we have been experiencing, close to historic low rates of interest, and also, unimaginable impacts on the world economy blue world city islamabad noc, caused by a variety of reasons, however, the single - biggest one is the ramifications, etc, that resulted from or as a result of the dreadful epidemic! While no one knows, for sure, the exact impact but I believe it could be useful, to consider, and provide, my best - guess, in terms of home pricing for the medium-term term (This period is usually, thought to range from about, two - and a half years to 5 to 7 years). With, that in mind, the following article will attempt to, briefly look at, analyze some of my predictions, then review and discuss, 5 of my guesses/ predictions.

1. Mortgage rates/interest rates:Basic economics and past trends suggest that interest rates won't stay at their historic lows for a significant period of time. The trend is already in place, longer than usual! Already, we are witnessing inflationary ramifications due to economic policies that have been implemented in the last couple of years, along with artificially low and prolonged periods of this, interest rate policy, and so on! I'd like to see, perhaps in the coming year, or so (unless any unexpected stress arises) that they will rise, slowly and also, for the current record-setting pace, of home price rises, to either, at a certain level or, at a far - slow pace, or even, come, back - to - earth, somewhat! This will directly impact the mortgage rates. If they are lower, it makes the most expensive homes more affordable.

2. From the sellers market:Historically, the real property market has been cyclical and we are, now, in an extended, sellers market, and buyers, out - numbering inventory! It is normal to anticipate that the trend will shift away from this approach to, first an equilibrating one and, maybe in the future we will see a buyers' market!

3. Supply and DemandReal estate, as with other commodities in the economy, is based on the Laws of Supply and Demand. This meansthat the higher the demand, the more the prices, and when it dwindles, prices drop! It is anticipated that there will be a gradual return to the cyclical circumstances that we have often seen and experienced in the past.

4. Impact of inflationTraditionally houses have been considered, one of the most effective protection against inflation! It makes sense that inflation rates have increased rapidly in recent times. But, it would make more sense for them to become lower. A lot of people believe that inflation will rise in the near-term however, we'll likely be back to levels that are more predictable in the longer term.

5. Real estate in all its forms is local:One of the challenges in making these predictions, is, real estate, is, usually, local, in - nature, and diverse areas, and, neighborhoods, out - perform, others!

Although, I feel that these scenarios are likely to occur, remember, they are, merely, best guesses, and no one has the luxury of a Crystal Ball, etc! Be cautious, be aware of and align your goals, priorities, perceptions, etc, with your personal comfort zone!