Amazing Interest Rates, Many Investors and First-Time Buyers – And A Good Time For Long-Term Planning

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There is no better resource to learn of how the real estate market is doing, than one who is a top-performer in the market. Knowing the ins and outs, understand the people behind transactions, and having valuable insight into the back-end of things as well as the forefront, you can count on getting accurate and useful information from such a resource. For years, Dominic Nicoli has been the go-to person for all the real estate needs of thousands of savvy buyers, sellers, investors and industry people and as part of Intero Real Estate Services his opinion is a valuable one.

Today, Dominic offers some insight as to what has been happening lately in the market, how we can see these trends affected by the stock market fluctuation, a look ahead and more. For a quick run-down on the happenings of the property market these days, this information is perfect. For a detailed, in-depth and customized consultation on how the market can impact your life for the better, meet up with him in person.

More Ups for Buyers On This Roller Coaster Ride Market

How’s the market in general, right now?

It’s a roller coaster ride and we are seeing lots of interesting times. There is a lot of talk about it being a bad market; in fact that is the prevailing view by sellers. However, with the incredibly low interest rates available these days, it is definitely a buyers’ market. When you couple that with housing prices at record lows – the combination is perfect. Inventory continues to go down while sales go up as buyers seize this amazing opportunity.

Stock Market Impact Not Felt Much In Lower Price Point Markets

Has there been much of an impact on the buyers in the market during this volatile stock market activity in the last 30 days?

Volatility in the stock market will impact anyone serious about their finances, however it’s also safe to say that we’ve become used to three to four hundred point swings on a daily basis as normal. Still, owners, potential owners and investors of properties in the upper-end market in the price point range of starting at $2 million, are definitely cautious and it shows in a diminished number of transactions. Despite these ups and downs in both the stock and housing markets, the real estate industry remains healthy.