The current housing market in the US is experiencing one of its strongest years in many. The housing market is very positive in almost all markets, with a shortage of inventory in many metropolitan areas. This is leading to bidding wars and price appreciation, which effects both buyers and renters. First time home buyers are starting to come back into the market, and signs are pointing to the Millennial becoming a strong component of that first time home buying segment. New home sales are also the strongest they have been since 2008 and are up 19.5% over 2014 YTD.
Join us in September for the CERC Conference and get an update on this fast changing market, and the US economy as a whole and learn how the US housing market may impact your mobility program.
Pandra Richie, SCRP, SGMS-T | President
Long & Foster® Corporate Real Estate Services