The year 2015 showed some positive trends in the real estate market, and according to the experts at Mount Pleasant, SC-based EXIT Realty of the Carolinas, 2016 will be another bright year for real estate and in particular for baby boomers and seniors. These experienced real estate agents serve the needs of residents throughout North and South Carolina and pay careful attention to the real estate market in order to better serve their clients.
Here are just a few of the trends that real estate agents are expecting to see in 2016:
- Affordability: This year will see a lot of new homes being constructed with one priority: affordability. This is great news for baby boomers who have recently retired and are looking to downsize to a more affordable home and a lower cost of living.
- Rental Rates Will Rise: Rental rates will be on the rise in 2016. While this isn't great news for renters, it is good news for homeowners, especially active seniors, and people who are looking to buy, since homes are becoming more affordable.
- Return To Normalcy: Although they're doing it slowly, home sales and prices are increasing at a steady rate. This is evidence of the real estate market's return to normalcy, which is a great boon to the industry. Normal means more predictability in prices, mortgages, and sales.
These are just a few of the trends that real estate agents expect to see continuing throughout 2016. The industry is on a great path, and baby boomers and seniors will benefit from a lot of these trends, as will people who are interested in a career as a real estate agent or broker in the growing market.
If you’re interested in starting a new career in real estate or are just looking for the best real estate agent in the area, call EXIT Realty of the Carolinas today at (843) 343-3947 or visit them online for more information.