What Wll the Market Look Like in 2015?

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Hello again, and thanks for joining me. Now that 2014 is over with, what do we expect for real estate in 2015? Here are four predictions I have about what we will be seeing in the real estate market over the year: 

1. Interest rates will remain low
I don't think the feds can, or will, increase interest rates by much this year, if at all. 

2. Inventory levels will stay the same
Builders are reluctant to build too much right now, and people who don't need to sell, won't. Levels may rise a tad, but only until the market is stabilized. 

3. Sales will vary by neighborhood
This one is a given, as homes in good school districts are going to have higher prices on them. 

4. Prices flatlining
Because we are seeing an increase in inventory, prices will likely be flatter than they were in 2014. 

Thanks for checking our blog today. If you'd like a report on what the market looks like in your specific neighborhood, make sure to give me a call, or send me an email. Thank you again, and happy 2015 to you!