Growth sums up what we can expect this year. The forecast for our national market reflects a healthy trend continuing from the past few years. Slow but steady growth tends to positively affect the overall economy, and thus, the stock market which has has reached record levels.
This trend is fueled by an anticipated GDP growth of 2.1% this year. Existing home sales are expected to rise at least 2% with new home sales rising closer to 9%. An anticipated rise in 30 year fixed rates does not seem to deter the inevitable growth we’re seeing.
With the expectation of a cut in federal regulations and taxes, the real estate industry could see one of its better years in almost a decade. While the new administration settles into place, the US economy is simmering for a “full boil” year.
Stay up to date about the current Real Estate market from the experts at Albuquerque’s most trusted team – Team Sedoryk Properties! If the state of the market has you curious and you’re interested in buying or selling a property in New Mexico, give us a call today at 505-892-1000 or fill out the form below!