Allen Tate President and CEO, Pat Riley, discusses what’s in store for the Carolinas’ real estate market in 2016.
New home construction continues to be on the rise, but prices will increase with the higher cost of building supplies and materials.
Interest rates, Riley projects, could increase as high as two-percent between now and the end of the year, slowing the rapid increase in resale home prices.
Finally, Riley predicts a bullish housing market at all price points and he shares that both Charlotte and Raleigh areas are each rated among the nation’s best real estate markets.
Contact me directly for more information about the local real estate market, or to decide what you need to do to be ready to buy or sell a home and if now is the right time for you.
His hobbies include fishing, playing golf, watching football, and exploring the Carolinas.
Jimmy is a licensed Realtor® with Allen Tate Company in North Carolina and South Carolina.
Grappone is a member of a nationwide and international referral network of the world’s best real estate agents, “Leading Real Estate Companies of the World.”
He is passionate about “Making Home Happen!”