The real estate market is back on its feet, with growth that's expected to continue into 2016. If you're an entrepreneur or a broker interested in opening your own real estate franchise, EXIT Realty Upper Midwest, with offices in Iowa, Minnesota, and the Dakotas, lists a few of the reasons now may be the perfect time to expand your career in real estate.

Here are a few of the real estate trends you can expect in 2016:

• Stagnant Prices: As the economy rebounds, the Federal Reserve is expected to raise interest rates for the first time in years, making financing more expensive for home buyers and slowing the growth in home prices.
• Fewer Homes Available: Many homeowners who benefit from rising values may decide to keep the equity in their homes and remodel instead of sell, leading to a strong seller's market and more buyers competing for fewer homes.
• Millennial Buyers: The Millennial generation is finally entering the real estate market, buying their first homes in popular cities across the country. While rising interest rates could slow this trend, millennials represent an exciting opportunity for an enterprising real estate agent.
• Financing Innovations: To help buyers deal with higher financing costs, banks will have to offer new mortgage programs, which could help new pools of clients enter the market.

Visit EXIT Realty Upper Midwest online to learn more about their innovative model that's shaking up the industry, or call (612) 414-4022 to learn more about prime franchise territories available throughout the region and careers in real estate.