I have always believed in learning and improving my real estate skill set to serve you better. So I recently attended a national real estate conference for the country's top agents held in Austin, Texas. We learned about the latest technology and trends, and shared many marketing ideas. Some of the highlights from our discussions include:
*Nationally, residential inventory is rising, pointing to another cooling off period for real estate.
*Mortgage applications are down from last year; another sign of a possible market slow down.
*Due to the Dodd-Frank Reform Act, mortgage rates are higher than last year, and some mortgage products for fringe buyers have been eliminated.
*The Fed is planning to end its bond buying program this October, which is essentially letting the market run on its own. Many believe that this could have a negative impact on housing.
*More and more baby boomers want to downsize and/or cash out from their homes, which will put more inventory on the market.
*Zillow purchased Trulia, forming the largest online real estate portal in the U.S.
Each one of these developments has the potential to have a major impact on the real estate market. The Mark Boyland team is studying these changes and will keep you up to date on how they will affect the local Westchester market. Stay tuned.
Suite 101
White Plains, NY
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