January 2017

16 Jan 2017

Real estate 2017: Still looking good

Wonder what’s in store for the Carolinas’ real estate market for 2017? No major changes, but that’s a good thing, according to the experts. In 2016, Allen Tate Company ended the year with 22,194 closed sales units and $5.45 billion in closed sales volume, a respectable increase over 21,565 closed units and $5.16 billion in closed volume in 2015. That’s a trend Allen Tate President and CEO Pat Riley is comfortable with – the kind of steady growth that helps normalize and sustain the market. In the January-February edition of Carolinas Market Update, Riley talks about factors that helped define the past two years – and are expected to continue in 2017. “Low inventory will propel higher than average price appreciation (5-6 percent). Builders...
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