Local, Regional and National Real Estate Markets Continue to Enjoy an Upswing

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Think back to just a few short years ago when it seemed the real estate market would never dig out of the mess created after our housing market crashed. Remember when we had so much inventory that we didn’t know what to do with it? And remember how hard it was for those homes to sell? Buyers just didn’t have the drive to buy, and frankly many of them didn’t have the financial means either.

We’ve come a long way in those few years – our economy is stronger with consumer confidence finally making some great headway. Our housing market is coming back and it’s coming back strong! Here are just a few of the things that you can continue to look forward to in the coming months and hopefully years ahead.

Home Values Steadily Increasing
We are seeing home values go up in many areas – locally, regionally and nationally. This is doing great things for people on both sides of the fence. For sellers, it obviously means that they can begin to expect more money for the sale of their home. For buyers the added confidence of purchasing a property knowing that values are going in the right direction.

Ideal Time to Upgrade or Downsize
With the market ideal for both buyers and sellers alike, this is a good time to buy because prices are still low enough that properties can be bought affordably. With the promise of increasing prices continuing there is a lot of incentive for sellers to put their home on the market. In many areas we are seeing a very strong seller’s market where buyers no longer have as much of an upper hand as they did a few years ago. Yet it is a dollar for dollar market making it a good time for sellers to upgrade or downsize without breaking the bank.

Interest Rates Hold Steady for At Least a Year
The Fed has actively held interest rates down to keep the economy bustling and it’s working. The frenzy we are seeing in the marketplace where buyers are eagerly trying to get in a new home is definitely caused by the low base prime rate. We expect these historic low interest rates to stay put for at least until the end of this year and much of 2014 as well.
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If you would like to get in on some of this amazing real estate activity – we would love to help! Call or email us today so we can get started!