BAD NEWS-Housing Market Goes Negative

I have my own predictions on the upcoming year in Austin- and it's not good. We are seeing year after year a decease in prices in the last decade. We are seeing a lot of sellers pull their homes off the market because they sat.  December is when most listings are pulled off the market because of the holidays, but good news is the sellers usually decide to put it back on market once the holidays are over. If you're looking to buy, it's good to come in with much lower than asking price. From Febuary-August, we will see this decline continue, however, come next December, we will finally see the market start to climb back upwards.

"Comerica Bank chief economist Bill Adams says the economy will likely be more resilient to this housing correction than when the 2000's housing boom went bust thanks to mortgage underwriting standards becoming stricter after the Great Recession and most homeowners being in generally better financial shape."  

Please watch my video for my predictions of the negative and positives about this negative decline and leave me your thoughts in the comments!