New Study Reveals Optimistic Expectation for Real Estate Market
RCLCO released, this week, a portion of their 2014 National Market Sentiment Survey and results indicate a—steady, moderate growth. Market sentiment for real estate in general is moderately optimistic, but these new results say the market should expect to see moderate to significant increases in home prices over the next 6 to 12 months.
This trend should be particularly strong for Useppa Island, a laid back tropical island which has seen recent sale prices of $1.5 to $2.8 Million, with The Useppa People representing an excellent inventory of waterfront homes in the $1.3 to $3.0 Million range, all with docks. This private island represents the ultimate in active, boating lifestyles with all the amenities of a private club.
The current National Current Real Estate Market Index (RMI1) declined slightly to 87.0, indicating continued improvement in conditions, with 70% of respondents reporting that national economic and real estate market conditions are moderately better today compared with one year ago, and another 11% reporting that they are significantly better. Current Regional RMI held steady at 85.9, with 81% of respondents reporting moderately or significantly better conditions compared with one year ago.
Bottom line if you are listed, now is the perfect time to do it but keep your pricing competitive. If you are looking to buy, now is the time to get serious and find the house you want to buy!
Read more about the survey here.