Whether you are looking to sell your home or if you are interested in buying a house, it is important to be aware of the current trends in real estate. As with every year, the market either flops or becomes a huge success and in 2015, it is expected to recover nearly to its fullest potential. According to RealtyTrac, the housing market in the United States has reached its highest price point since 2008. With that being said, throughout 2015, the market is said to balance out.
The Buyer’s Market
One thing to take into consideration is that some experts are stating that the real estate market will be an easier buyer’s market this upcoming year. The value of homes will decrease to about 3% instead of the 6% that has been noted recently, making real estate a less attractive investment for many. The power that individuals have in terms of negotiation fair prices will be in the hands of buyers and slide away from sellers, helping to make the buyers significantly more balanced.
The more that the market slides towards the favor of buyers, the more difficult it will be to sell homes due to the fact that potential buyers have the ability to be pickier. There will be a higher amount of available homes, meaning that there is less competition for houses across the United States, allowing buyers to pick the houses that they think will be a good fit. They won’t have to worry about missing out on particular homes due to the fact that there won’t be very many people looking and many more homes will be put on the market.
One trend that may become more prevalent in the real estate market for 2015 is foreign investments. American real estate may become more attractive to foreign investors due to the fact that more countries are experiencing economic difficulties. As an example, people who own property in the UK may be forced to pay a “Mansion Tax” that is associated with property that is worth more than 2 million pounds. Another reason as to why foreign investments may become more prevalent is because of fluctuating money values in the home countries of the investors.
This is when the market will experience more overseas buyers purchasing homes and property in America as it is a significantly safer investment than purchasing property in their native land.
Why Use AMPI?
AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy an efficient real estate environment in Mexico.
AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4,000 associates and affiliates.
Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.
Developed over the years with the
input and knowledge of its members, AMPI is much more than just a collection of offices.
AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980.
AMPI is currently represented in all the principle cities and regions of Mexico stretching from Tijuana to Cancun.
The Riviera Nayarita, Vallarta and Compostela chapters of AMPI are dedicated to promote the best practices in real estate by providing its members with education to reinforce the standards of ethics that give our industry the credibility which our clients deserve.
AMPI is committed to giving our membership access to a multiple listing service that forms the platform from which our industry can expand locally and into other markets while giving our members precise and up to date information that is vital to continuous improvement and growth.