What Does Low Inventory in the Lake Norman Area Mean for You?
2016 North Carolina Real Estate Market Forecast
Today, we're going to look at how homes have appreciated over the last year, and we're going to look at the entire country. The good news is that every state in the country is expected to see some type of increase in their average home values this year. In North Carolina, we are expected to see a 4-6% increase this year in property values.
Another thing we expect to increase this year are interest rates. If you've been thinking of buying, we recommend that you think about entering the market sooner rather than later to take advantage of current low interest rates.
For sellers, buyers are going to come in the market to take advantage of these rates regardless, so you'll want to consider listing now in order to get your house on the market to take advantage of that fact. As the year goes on and interest rates go up, you don't know what the market will bring.
We hope this information is helpful, and we will continue to provide you with great, relevant information throughout 2016. If you have any questions for us in the meantime, don't hesitate to give us a call or send us an email. We look forward to hearing from you!