Kettering OH Real Estate Market Outlook For 2014

The Kettering OH real estate market outlook for 2014 is starting off better than expected. From January 1st 2013 until today, March 3rd 2014, there have been a total of 702 sold homes in Kettering, Ohio. Even with Mother Nature unleashing well-above-average snow falls, Kettering OH real estate listings continue to hit the market. With interest rates at a three-year low, I would expect to see many first time home-buyers entering the market.

Do Low Interest Rates Affect The Kettering OH Real Estate Market?

When interest rates are as low as they are right now, current homeowners see a chance to sell, cash in on a little equity, and upgrade to a larger, more expensive home with a lower interest rate and lower monthly mortgage payment than they’re currently paying. When the real estate market opens up for sellers, this provides buyers with more choices as inventory rises with more homes for sale in Kettering, Ohio.