We’re back to share with you a few more steering factors we believe will shape the real estate market ahead…
If you missed last weeks’ blog with the first three, take a look back here
Feeder Markets
The health of the Lowcountry market (especially second-homes and rental properties) depends greatly on the sense of wealth felt by buyers that originate from our primary feeder markets of which the current Top 10 are:
These markets have recovered well beyond their previous market-peaks of 2007-2008, yet most are showing signs of a “shift” away from what has been a long-standing seller’s market.
Buy vs. Rent
Increases in long-term rentals have pushed the pendulum of the buy/rent debate into the favor of buying, creating a new wave of first-time homebuyers into our marketplace. Buoyed by attractive interest rates and an overall increase in the desire for home-ownership, we look for this important buyer demographic to be especially active in 2019.
Interest Rates
It’s fascinating to consider that, for the most part, Millennials have never known interest rates to be over 5%, while many others can recall the 30-year rate being as high as the upper-teens. That said, bank-money is still relatively affordable, and even though we expect to see rates continue to fluctuate throughout 2019, this shouldn’t be a major steering factor in the market.
Check back here next Friday for a few more…
You can follow our blog…there’s something new every Friday. Just click on the RSS feed button 
below to subscribe. We post an entertaining assortment of tips, helpful information and announcements from our Group, written by various authors within our team. We hope you enjoy! Thank you for your continued loyalty and entrusting us with your important real estate transition!