Posted on April 3, 2017 - 10:01 AM
by Terry Lolmaugh
According to the RISMedia Power Broker Report, for the first time in a long time, the outlook for residential real estate is decidedly bullish. Stock markets and consumer confidence are riding high, job growth is continuing to rise, and interest rates can still be categorized as low. Consumers across all demographic groups are most definitely in favor of homeownership.
Our need for homes to sell is causing prices to rise, however, sellers are getting very near asking price or over their price. Supply and demand is a big reason for owners sell now.