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A New Normal for the Smith Mountain Lake Housing Market

455sourwooddriveLike the rest of the nation, prospective home buyers and sellers, real estate agents and anyone interested in the health and prosperity of the economy at Smith Mountain Lake are curious about housing market predictions for 2015. What gains will be made? What opportunities will be at their prime? How will the market effect the financial well being of a community?

While we can’t exactly use a crystal ball, we can lean on expert opinions, and a recent article in Forbes Magazine provides several insights that may guide Smith Mountain Lake home buyers and home sellers in the coming year.

One of Forbes’ expert predictions is great new for buyers, and confidence-building for the economy in general. The expectation is that home prices will level out after a rapid rise in the past couple of years, meaning things are stabilizing overall and the housing market will feel “normal” again after almost seven years of recession and recovery. This is motivation for Smith Mountain Lake buyers who have waited patiently for their dream waterfront or off-water lake house. 2015 will be a looked-forward-to, confident year of real estate.

If you are interested in Smith Mountain Lake property, be sure to let Deb Beran give you an unparalleled buying experience here at our beautiful lake community.

Category : Real Estate Market

 

 

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