Happy Holidays! For this week’s #MarketMonday, we briefly highlight some real estate tips for interested buyers and sellers heading into the new year. We also focus on what the rising interest rates mean for real estate. Although some may view this increase as a bad thing, it’s a sign that the economy is stable and strong. We hope you enjoy this week with loved ones and have a Merry Christmas!
My team is happy to answer any questions about the current real estate market or to discuss what is most important to you whether you are looking to buy, sell or invest in today’s market.
The real estate market will continue to be competitive in 2016 for home buyers and home sellers. Home sales will continue to rise next year and multiple offers on homes will also continue, which is good news for sellers. Home inventory will still be low, but hopefully we will see an increase in the new year. Check out these tips we found for both sellers and buyers heading into 2016.
Interest rates will increase by 0.25 percent. The rates in the U.S. have been low since 2008 in hopes of a strong market and employment recovery. This article will help interested home buyers understand what this rise in interest rates means for them. This increase may be beneficial to future home buyers, so don’t get discouraged!
These rising interest rates are actually a good sign for economies, especially in the Emerald City. It means that the market and employment rate is finally recovering from the downfall in 2008.