Dan Wyson, CFP® is author of the book “21 Financial Myths” and owner of Wyson Financial is quoted the February 20th issue of The Spectrum. The link is provided below.
"Real estate historically moves in 18 year cycles, with 2006 being
identified as the top of a cycle. Most experts believe prices bottomed
in 2011. So if history holds, we should see general real estate price
growth through about 2024. Prices have already begun to rise and the
recent “Home Price Expectation Survey” from Zillow predicts another 15
percent increase over the next three years."
"It
is my personal opinion that this recovery in real estate construction
and prices over the next several years, all by itself, would generate
significant economic growth. And this is just one of the three positive
events I mentioned last week that I believe are cause for optimism."
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