A recent article entitled, “2016: The Return of A Feel Good Real Estate Market?” Shares some concerns of the market, ” Inventory is still tight in many areas and absorption rates are on the low side; it may be a while until more sellers are ready to make the moves that will ease the crunch.” “Noted Nelson Zide, president and CEO of ERA Key Realty in Framingham, Massachusetts.”
Technology has become a game changer in the real estate industry, with a large number of potential buyers beginning their journey online. Online, where a lot of information is obtained, today’s buyers and sellers are more in tuned to the market than before. Not to mention the regulations for the real estate and mortgage professionals to be more clear with the TRID, and TILA-RESPA. This may cause issues and have an effect on closing dates.
Good news for the buyers, because due to the new regulations, mortgage companies now have to present total amounts of interest during the life of the mortgage, in the appropriate paperwork. This way buyers can understand exactly what they are agreeing to when they take out a mortgage on there house.
All in all, 2016 poses more positive than concerns in the real estate market, and as always we want to focus more on the positive.
For the complete article visit: rismedia.com/2015-11-22/2016-the-return-of-a-feel-good-real-estate-market/