A quick snip from this month’s note:
The Market – Balanced? Overheated? – It depends on your market segment
A friend from another market texted me the other day:
How do you feel about the future housing market? Does it look good or up in the air? Just a short quick thought would be great.
My response to him –
Our market is mostly trending up. Certain segments are balanced while others, primarily the urban properties, are skyrocketing.
Crazy low interest rates remain a positive for sellers, but create some inherent risk for buyers from a resale perspective.
I continue to think that employment remains a hidden, not much discussed, challenge.
In short – do research on your particular and narrow market segment – but also understand the markets just above and below it.