Rigley Realty Reveals Real Estate Trends for 2015
The real estate industry has been stable throughout 2014. It has been a very steady year in terms of growth and sales.
USA, February 9, 2015 (Newswire.com) - Considering the prospects for 2015, it looks like the coming year promises to be a continuation of this trend. Based on Rigley Realty Group’s assessment, the following trends would prevail in 2015.
• Inventory
Increasingly, the signs show that the Sacramento California real estate market will see more and more inventory rising in 2015. Proof of this is the increase in real estate listings for most months in 2014 compared to 2013.
• Price
Next spring will probably see a higher number of new listings in Sacramento and Elk Grove real estate market partly because of homes having appreciated in value. With the current prices on the rise, many homeowners have gained back their equity and are eager to test the market.
• Interest rates
Last year, most people in the Sacramento real estate industry predicted that mortgage interest will increase more than 5 per cent, around this time. However, current statistics show that interest rates are just hovering around 4 per cent.
In fact, the rates are incrementally decreasing over the past 10 months. But to be safe, it is assumed that the trend will change and rates will slowly increase as we go deeper into the year.
• First-time homebuyers
This market sector has been the focus of the industry for most of last year. New homebuyers will continue to dominate the discussion for this year. There were many restrictions on this sector which prevented them from exercising their real estate options.
However, it appears that the light is beginning to shine on the tunnel. The latest announcement of a 3 per cent down payment plan of Fannie Mae and Freddie Mae should encourage this sector to buy a house, particularly those who enjoy good credit.
About Rigley Realty Group
Rigley Realty Group serves the real estate needs of the Northern California counties. This company has more than 35 years of business experience and has almost 1,200 closed transactions in the real estate industry.
Contact Information
Mike & Jennifer Rigley
Keller Williams Realty
4080 Truxel Rd. #100
Sacramento, CA 95834
Free phone: 888-317-9376
Telephone: 916-779-6106
E-mail: [email protected]
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