We took a buyer out on Memorial Day to look at some homes. Each city we looked at our client knew the trends and days on market in that area. They quickly figured out that one of the cities they likes was getting better equity build up than the others. In a few years they should see some great equity growth in their home.
These types of reports are easy for Realtors to get and I want you to be informed and will send them to you for Free.
The other way I personally watch trends along with the reports is real estate news. As you can see with the stories I post with this blog I read 3-4 articles a day on the real estate and what experts think might happen. I do not always agree with them, but at least I know what a lot of the experts are saying.That is a ton of articles that I look at daily to see the trends and health of the real estate market.
One of the issues that a lot of experts are fixed on is the interest rate raising and how that will effect homes sales. They tend to think that the rates will rise, and I agree they will. The difference is I think that is a good thing to happen in the mortgage lending. The lenders will offer more options because they are making money doing it. The rates are still low and it is a great time to buy a home.
More companies will get into the lending business, because they can make some money. That will help some of the potential home buyers that could not purchase have some more options to buy the American dream. The interest rates are basically market driven and they will change if the market says they should.
I remember when 6% interest rates were great. Keeping the interest rates lower keeps the banks buying other securities to keep their books liquid. Let's face it 4%-5% over 30 years is not the best return for an investor. Would you like those returns? Me either!
That is what I watch in the trends and of course consumer confidence another important trigger to watch for the future. Want to know the trends in you market? Sign in below and get a free report, or you can email me the information. Click Here to Email.
You can also call me @ 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty I'm Brett and I want your business.
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Thank you