The market isn’t going to crash and you need to plan for next year now.
“Adam, is the market going to crash going into 2022?” I get asked this a lot, and it makes sense because our market feels like the faint echo of 2005. But that’s the thing. Everyone remembers the crash, so we have what’s called recency bias. Without that, this thought would never come into our minds.
Recent data suggest that 2022 is going to be a solid year. We’re looking at 5% appreciation instead of 20% across California, but remember that every local market is going to be different.
As we get closer to 2022, you need to develop a strategy for next year right now, not in the middle of April. It’s absolutely necessary that you plan now if you want to succeed next year. You will make money in next year’s market by looking at what other people don’t see, the trends, and doing the opposite of the herd at the right time.
If you’re looking to buy or sell next year, call us, and we can help you develop your strategy. We’d love to help and answer any questions you may have.