Monday, February 2, 2015

January 2015 - Housing Market - Sales Up, Interest Rates Low, Inventory Low

2014 Sales up 6.7%
Interest Rates Low
Supply and Demand


With low gas prices, will you be saving more money and investing in real estate? To me, real estate is and always will be your best investment.  
Whether a first time buyer or an investor, prices are continuing to rise and the market is strong.

I look back to what I paid for my first home and what it is worth in today's market and think, "Hmmmm, instead of spending money on some of the stocks I bought, I would have been better to buy an income property and let the rent pay for it."  That would be great for retirement.  It is just something to think about.

Real Estate will always be a great investment in my mind and not because I sell it but because I believe it... and the numbers speak for themselves.
Young people with savings who live at home, should also consider buying a small property and renting it out and invest in their future.
It is win/win.  

So if you are considering selling your home, the market is strong and prices are high.  Spring market starts NOW !   

If you are looking to move up, I recommend finding a good local agent, list your home first so you have more negotiating power when you buy.. remember the market is busy and the stronger your offer is, the better chance you have of winning.

With that being said, enjoy the information video courtesy of TREB and I hope if you need any real estate advice in the future, you will contact a full time Realtor who you can trust and work with, to maximize your equity and service all your needs.

Happy Buying & Selling !
To search current homes for sale in GTA and Durham Region - visit www.michellemakos.ca
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