We all know that our economy has been shakey at best over the last several years. With Washington not agreeing on what to do next, what impact does that have on the real estate market in the upcoming months?
Whether you were pleased with the election results or not, we have to admit that decisions now made in Washington will dramatically affect us in the upcoming months. The National Association of Realtors chief economist, Dr. Lawrence Yun, paints a cautious picture for us of where we are.
There is a new wave of recent layoffs. These will counteract the 4.5 million jobs that were recently added. Dr. Yun basically says we are treading water.
The housing price increases we are seeing will continue. Low inventory coupled with low interest rates and high demand will continue to drive prices upwards. Investors all over the world are taking note of our historically low prices.
Regardless of what happens to the economy, one thing that will continue to prosper is real assets (ie: Real Estate). If you have enough for a down payment, now is the time. With low prices and potential inflation on the horizon, real assets will prosper.
Inside the Numbers:
Six-month trends for:
- 253 sold
- 72 average days on market
- $85,300 average price
- 409 Sold
- 71 average days on market
- $100,019 average price
- 285 Sold
- 88 average days on market
- $171,355 average price
Brookwood: walking trail, green community, great value!
Shiloh: Live in the lap of luxury for a common price
South Gwinnett: Bank owned, 48-hour guaranteed response on offers
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