What is going on in the market? 2017 has been a year of change, so let’s take a look at the latest trends.
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Real estate is constantly evolving and 2017 has been consistent with this fact. This year has shaped up to show a lot of change in our market and continues to do so as we near the fall months.
If you still have a real estate transaction planned for this year, it never hurts to have a good handle on what’s trending in the marketplace. A few things should be on your radar for the rest of the year.
Moving forward this year, home prices may begin to stabilize due to rising interest rates. This could lead to a seller drop in equity.
Therefore, the chances buyers have of getting a good deal is becoming more and more promising.
An increasing number of millennials are coming into the market. As a result, demand is expected to rise.
Keeping your finger on the pulse of the market can help you to make smart choices.
Suburbs are going to be a popular area to which many millennials will move, since suburbs offer buyers the chance to get more bang for their buck. Homeowners should also expect to see a rise in equity.
With the potential influx of new homeowners, supply may shrink. As a result, the available housing inventory may become sluggish.
Keeping your finger on the pulse of the market can help you to make smart choices whether you’re buying or selling.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.