What to Expect from Richmond Real Estate in 2016

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Today, I have some exciting news. Zillow says that Richmond is going to be the 4th hottest real estate market in 2016! We have a healthy, robust economy right now. That's why Richmond real estate will be on fire this year.

If you're thinking about selling your home, there is a lot of pent-up demand right now. We're getting out of the winter slump. If you look back at 2015, in January and February, we were wondering where all the buyers had gone. Then the market exploded. We anticipate the same thing happening this year around late February or early March. Give us a call now so you can prepare for the market and beat the competition.
If you're a buyer, interest rates are still historically low. The Fed recently increased interest rates, and it's yet to be seen if rates will continue to increase for the rest of the year. Any increase in interest rates makes buying a home more expensive, so get out there now!

We're in a rare market where it is a perfect time to buy or sell. So get out there and enjoy the 4th hottest real estate market of 2016. If you have any questions, give us a call. We'd be happy to help you!