Tuesday, November 11, 2014

What Do Current Conditions Mean for the Recovery?



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Recently, I had the pleasure of sitting down with a one of the nation's leading real estate minds and the owner of one of the largest real estate selling companies in the US. He talked about three things that he feels will drive our market to a strong recovery through 2015:
  1. Historically low interest rates: 4% or under for 30-year fixed-rate loans used to be unheard of, but are now the norm. 
  2. Incredible amount of inventory: You may not find the perfect home right away, but there is much more inventory out there.
  3. Historically low prices: It's more affordable than ever to buy a home.
The top agent I was chatting with was pretty confident that these three things will drive our market to a strong recovery. If you would like more details about market conditions, or are interested in buying or selling real estate, don't hesitate to reach out to us. We would love to hear from you.