2016 is over. All of the uncertainty of the election is in the past,people are getting back to work, and whether you like him or not, we are going to have a new President in a few days.
The jobless rate is way down and opportunities for employment are up. Some companies are beginning to migrate back to the United States and that means even more job growth.
So what does that mean for real estate? It means UP…
As more people enter the real estate market, demand for homes rises, prices go up as there a fewer active listings. When people start to move up in their careers and are not faced with the daily prospect of losing their job, they become more secure and they are less afraid to make a move.
As the economy recovers interest rates will go up. They already have. Now, for those people, who live off of investment income, that is a great thing. For people who are thinking about purchasing a home for the first time, or who may be getting ready to upsize to their dream home, or perhaps even down size to a smaller home, it means they will have less buying power. So if you have been sitting on the fence for the past three years, not making a move, you better climb down off there and give me a call. Because the longer you wait, the harder it may get for some of you to get into that dream home.
I have listings for sale in the Jupiter area and the prices range from the mid $400,000’s to over a million dollars, and I have access to all of the listings on MLS. It would be my pleasure to help you find just the right home. Just don’t wait too long.
Judi Collins, Realtor
Signature Properties, Jupiter Florida