By Carol Hardy • 2018 President
It’s prediction time! OK, Realtors, get out your crystal ball and look into the market future. Have you ever felt this way when someone asks where the market is headed? Well, it’s not slowing down any time soon! I’m sure one can look back on monthly statistics to get a sense of the pattern for the market’s ups and downs. I simply rely on the Association’s data and better yet, the Texas A&M University Real Estate Center.
The resources we have in our profession are remarkable! You can also ask your favorite title representative and they too will give you statistics. Okay, so they must be the ones with the elusive crystal ball.
In any event, you will want to be honest with your clients. If you don’t know where the market is headed, let them know you will get back to them with the information. Then do what you say! Research the market trends for your clients. You are their resource so you should depend on sound data to fulfill this expectation.
As 2018 unfolds, increasing job opportunities in a prosperous economic environment foreshadows “an optimistic outlook for this historically healthy market,” says Corey Martin, principal and managing director for Avison Young. Martin advises in his prediction, “Developers and owners should take Austin’s distinctly tech-driven economy, large millennial workforce and evolving workplace trends into consideration when formulating their strategies for 2018.”
My prediction is that Austin and surrounding areas will continue to see growth —translating into more home sales. At least that’s what my crystal ball says. RL