This was the headline found on ValueWalk.com.
If you like a rationale for what might happen in housing then this is a pretty good explanation. However, we’ve long stated this fact. Based on the data that we track, all indications pointed to the coming boom in housing and real estate prices since our December 9, 2010 article titled “Real Estate: The Verdict is In.”
The above chart is from our October 2017 Real Estate Review, in which we said the following:
“Although we show the cycle at or near a ‘peak,’ the current stage is a phase of accelerated increases on the way to a top in the real estate market at or near the 2024 date.”
This mirrors the ValueWalk article which states, “The valuable part of this chart is the right side which shows that millennials are starting to buy homes now and should boost the housing market until 2026.” However, our estimate for the peak near 2024 was first issued on October 5, 2012 based on the work of Roy Wenzlick and was a revision to our initial 2028 estimate.
There are some factors that go unaddressed in the ValueWalk article however, we believe, as we’ve stated since December 2010, that the trend is your friend.