MRIS Spring Market Survey

The Metropolitan Regional Information Systems (MRIS) just released its spring market survey of area Realtors, and we can expect a busier year, higher interest rates, and more first time home-buyers. 57% are predicting the year to be busier than last year, 54% think buyers should act quickly to lock in low interest rates, and 51% expect the new mortgage rules will impact home prices. 88% predict a rise in first-time buyers, citing an improved job market and rising rents as incentives to buy. The most important features for these buyers are kitchens/baths, open floor plans, how maintenance features, and walkable communities. Contact us today if you are interested!