School’s out and the real estate market is shifting into high gear for the summer! Despite inventory levels remaining at extremely low levels, the volume of home sales is significantly up. Continued low interest rates still make it less expensive in many markets to purchase rather than rent and we are seeing many clients graduate to larger, more expensive homes while their monthly payments are only increasing modestly. In the same breath, we’re also seeing many of our clients downsize as the “Baby Boomer” generation moves to focus on travel and lower maintenance vs. the responsibilities of their larger homes. New construction sales are also booming and it seems that everywhere you look there are new subdivisions with hundreds of new homes. Even though the building rate is increasing we are still in a recovery market and the pace of new homes built is still significantly below the rate to keep up with population and household creation. This market can be tricky…If you’re planning, or even whispering about making a move this year, or investing in real estate, we can help…Contact us today! Helping You is What We’re Here to Do!
Comments(1)