With Rentals going up real estate markets will make sure there will be a slow down...but it's ok we
have to be less predictable. It Doesn't mean it will be forever however with more people working
then a normal ...the period can and will be be positive.
After talking with local title agents there is a lack of upgrade-able inventory so buyers are in a dog
fight for homes with updates. More first time home buyers who have been able to save are getting a
really solid house that's more affordable.
Since most people exceed 30% of there monthly income on rent, they have low down payment
money. or any savings. So what do you do to save money? Great question. When millennials move
out of the parents home this, Which also allows for the millennial to save money -this sifts the
necessary home buyer with more emotional one and a healthy grown in home sales and prices take place.
In this region everything happens slowly but when folks enter into retirement then these individuals will be downgrading to buy into something smaller. If you are a seller take advantage of your market.
If the home is not upgraded than it will continue to sit. We very much so are in a sellers market.
Also remember real estate is a good driver for consumer spending and the Fed agrees by hiking
interest rates to have very strong positive indications for the future. Please ask me about standard
deviation because I will be making this subject matter over the course of 2016.
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