2016 SURE GROUP REAL ESTATE OUTLOOK

    CHECK OUT OUR 2016 REAL ESTATE OUTLOOK.

    A QUICK OVERVIEW OF THE OUTLOOK:

    “STABILITY DRIVES CONFIDENCE”

    • 1. HEALTHY DEMAND DRIVERS – THERE ARE LOT OF HEALTHY DEMAND DRIVERS THAT WILL HELP REAL ESTATE DEMAND IN 2016.
      • JOB AND INCOME GROWTH
      • MILLENNIALS WANT TO OWN HOMES AND MOST DO NOT OWN HOMES YET
      • BOOMERANG BUYERS ARE COMING BACK INTO THE MARKET AFTER PREVIOUS SHORT SALES AND FORECLOSURES
      • RENTS ARE HIGH MAKING A HOME PURCHASE MORE ATTRACTIVE
    • 2. BALANCED MARKET INVENTORY
      • MONTHS SUPPLY OF INVENTORY (MSI) IS BETWEEN 4-6 MONTHS IN MOST COUNTIES SURROUNDING BALTIMORE
      • IT IS IMPORTANT TO KNOW THE MSI IN YOUR SPECIFIC NEIGHBORHOOD AND PRICE POINT TO ACCURATELY PRICE A HOME
    • 3. RETURN OF PRICING STABILITY
      • VALUES HAVE BEEN STABLE
      • BUYERS AND SELLERS ARE NOT GETTING VERY HIGH OR VERY LOW NET NUMBERS ON REAL ESTATE PURCHASES
    • 4. PREDICTABLE INTEREST RATE LANDSCAPE
      • INTEREST RATES REMAIN LOW
      • ALL SIGNS POINT TO INTEREST RATES INCREASING SLOWLY
      • AS RATES RISE – ARMS (ADJUSTABLE RATE MORTGAGES) MAY BECOME ATTRACTIVE FOR MANY HOME BUYERS.
    • 5. RENTS HOLD STEADY
      • WITH PRICE APPRECIATION ON THE RISE IT HAS CAUSED MORE MILLENNIALS TO RENT
      • VACANCY RATES ARE DOWN AND RENTAL DEMAND IS UP
      • RENTAL RATES HAVE BEEN GROWING FASTER THAN HOMES HAVE BEEN APPRECIATING
      • LOTS OF MULTI-FAMILY CONSTRUCTION IS UNDERWAY
    • 6. GEO POLITICAL WILDCARDS
      • LOTS OF INTERNATIONAL ELECTIONS TAKING PLACE IN 2016
      • UNITED STATES PRESIDENCY MAY CHANGE EXISTING TAX CODE AND MORTGAGE LENDING REGULATIONS

     

    IT IS A GREAT TIME TO BE A REAL ESTATE INVESTOR.   AS ALWAYS – PLEASE CONTACT US IF THERE IS ANYTHING WE CAN DO TO BE OF SERVICE!

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