This is what the National Association of Realtors is reporting on the economic outlook:
REALTORS® expect prices to increase over a range of two to seven percent, with the median at 3.4 percent over the next 12 months, according to the June 2015 REALTORS® Confidence Index Survey Report.
Since all real estate is local, price expectations varied across local markets and states. The map shows the median expected price change in the next 12 months for each state based on the April 2015–June 2015 RCI surveys. REALTORS® from Colorado and Florida had the most upbeat price expectations, with a median expected price growth in the range of five to seven percent. In California, Nevada, Washington, Oregon, Texas, Minnesota, Georgia, New Hampshire, and the District of Columbia, the median expected price growth was four to five percent. Prices are expected to increase at a modest pace of less than three percent in many Northeast states as well as in the West North Central states.
I LOVE what I do! I have been in the Real Estate Industry now for over 7 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs!