Skip To Content

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!

Trackback from your site.

Leave a Reply

*
*

About our blog

Our agents write often to give you the latest insights on owning a home or property in the Greater Baltimore area.

Contact Us Now

*
*
*
*