Another year of increasing values in real estate. The market benefited from low interest rates and limited inventory. With interest rates possible rising later this year it will be interesting to see how the market responds going into 2016.
If trends hold over the next 10 years, the next decade will see an unprecedented surge in the demand for housing. Millennials, Boomers and Hispanics will be the drivers if 2014 trends hold. This is big, so read on.
After a strong Spring season, real estate values continue to increase through the summer as low interest rates and low inventory drive the market forward. Look for this trend to continue at least into early fall when the Fed will take a hard look at possibly raising interest rates. Click the link to see July’s market info.
After 28 years of following real estate I am continually amazed at how dynamic the market can be even when economic conditions suggest a slow down would be expected. There is still a strong demand for homes in Southern California and I can’t wait to see what unfolds as we see summer come to a close.
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