Through it all, the housing market appears to be remaining strong. With low interest rates, an increase in new home starts and millennials striving for homeownership, the real estate industry shows continued strength. Read more on this optimistic outlook here . I tend to agree with what they are saying about moderating home prices. While we have seen rising prices over the last few years, especially in the lower price spectrum, more inventory and home starts are assisting with keeping the prices stable. That and the low rates are making housing affordable for many who could not have considered homeownership in the past.
Sales of single family homes and condos are up in the two county area. Inventory and median prices are also up AND interest rates are down! Read the full stats report here