The Real Estate market was a good market this year. Prices took a big jump as early as February. They didn’t jump much after that but prices and sales remained consistent all Spring and Summer. Inventory was down and that helped fuel sales for the properties that did go on the market. Properties that were priced right sold quickly, or had multiple offers. Short sales and foreclosures are not a factor in today's market. Prices are up 25% from the beginning of 2013.
The rental market has exploded this year. Rental rates are climbing fast!
Owners that were forced to be landlords due to a lack of equity are now selling. Long term landlords are tax planning and selling or moving into their rentals to change their capital gain status. This has caused a shortage of rental inventory which in turn raised the rental rents.
Incredibly, interest rates are still low.
Call Purdy Homes for any of your Real Estate needs....Selling, Buying, or Property Management. We consider ourselves to be Real Estate Counselors. We are happy to sit down with you and help you plan your next Real Estate move!