2014 is coming to a quick end. We've seen a good rebound in the real estate market here in the Sacramento and Placer region; however, it's not clear what is in store for 2015.
Personally, I think it's going to be a good year for the economy overall and real estate here in Roseville California will see an appreciation of 5%. There are good indicators in the market. Rates are still low, values did pull back for a quick correction allowing for a more natural market. Cyclically it always slows down around the holidays.
I think we're going to see the builders getting back into the real estate market in the roseville, rocklin, elk grove as the housing supply is low. There is room in the market for the builders to come back. For the most part we'll just be seeing the large builders who have been sitting on property to develop for years. Margins are tight on small speck home builders.
Time will tell! I can only work with the information currently at hand.
I welcome 2015!!. Thankx,