Let's Taking a Closer Look at Real Estate Trends

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Real Estate

Real Estate Trends

In many large cities, home prices have outpaced income at an incredible rate. In Miami, for example, incomes have risen 16 percent, while home prices have increased 58 percent since early 1998. Boston home prices have gone up 89 percent, while incomes have increased only 22 percent.

Even with a downturn in the real estate market looming on the horizon, home sales are still headed for another record year.

The first sector to show slowing is the high-end home market. Because of big-ticket properties, house auctions nationwide have surged.

Low interest rates are the only continuing positive trend of the housing market. Low rates average now less than 6 percent for 30-year fixed-rate loans, the lowest since the 1960s.

Is Now the Right Time to Sell?

For those considering a move in the near future or over the next year.... there has never been a better time to sell. 

Interest rates are at an all time high and with home inventories so low... the homes that are on the market don't sit for long. 

For anyone considering an upgrade to a larger or smaller home

The good news is that you don't have to wait forever to sell your home and move up! I specialize in homeowners who need to sell their current home AND find the RIGHT new home quickly.

Give me a call or email me at a.long@kw.com today. I would be happy to give you my expert opinion on the fair market price for your home and show you options for homes that can better suit your growing family's needs.