Every year, more and more people are investing to buy their own house. With different sizes and different locations, types of homes have drastically changed through the years. From bungalows, 2-storeys, to condo units, each type of home has a specific target of buyers. This year 2015, new trends in the real estate industry are starting to emerge. Here are some of the trends that you need to look out for if you are buying or selling a home this 2015.
Improved Market for Buyers
2015 is expected to be a good year for home buyers, more specifically for middle class home buyers. Calling your trusted estate agent this year will be a good thing because more and more homes for sale would become price-friendly in the market due to home prices being expected to flatten out this year. Top that off with low interest rates and a stable economy, and we see that the field of real estate is healthy and buyers can enjoy its wealth this 2015.
Low Rates to Stay This Year for Mortgages
2015 is a prosperous year ahead as interest rates are going to stay low due to geopolitical unrest. Inflation will be in check, and even lower oil prices will be felt. This will pave way for more buyers who are planning to buy homes this year to pursue their plans.