Industry Trends
Interest Rates: While we’ve seen many changes with interest rates over the past 24 months, they remain relatively low in comparison to the 50-year historical trend.
It’s still a great time to buy and sell!
Supply and Demand: We all know how the law of supply and demand works. When a market experiences a surplus of available inventory, it becomes a buyer’s market and
the prices decrease or rise at a slower rate. The opposite is true for a seller’s market where there are more buyers than available homes for sale and prices escalate. Every market is
different so it’s important to hire a Ladston Premier Properties expert who can provide you with the local average days on market, absorption rates, and other pertinent market
information.
Legislation: If you are a property owner, then politics is your business. Know where your local, state, regional and national leaders stand on non-partisan issues
that affect home ownership related issues. Below are examples of a few trending topics.
- Current and future federal laws (Biggert-Waters Act) may impact the availability of the National Flood Insurance Program and drastically affect the cost of coverage.
- A proposal to limit the gain that can be deferred under a like-kind exchange of real estate under section 1031 could eliminate the use of this widely used tool.
- Congress is looking for ways to lower the federal deficit and changing how homeowners currently deduct mortgage interest is high on the target list.