Today I wanted to take a minute to talk about the market’s wild ride.
The first quarter of 2016 was actually pretty encouraging. We saw good high-end movement and we saw good movement throughout all price ranges. In the second quarter, though, we saw a bit of a slowdown.
“
”
You might have paid off enough equity to get yourself out of that home.
”
What we’re experiencing now is a flurry of people coming in, probably hoping to get in for the school year. We also saw an influx of inventory. We’re seeing homes finally move off the market.
So, what does this mean moving forward and what does this mean long-term? Quite frankly, we don’t know yet. I think it’s going to be more of the same - that wild ride up and down - but for the time being I think 2016 is going to end on a slightly up note.
As always, if you have any questions, please feel free to reach out to me soon. I look forward to hearing from you.
