Roundup of Notables Discuss Economy

Across the city and country, the economy is offering opportunity and showing signs of recovery.  Robbie Briggs, CEO  of Briggs Freeman Real Estate, recently gathered insight from a variety of business notables, providing a round-up of different perspectives. Over the next few days, we’ll be sharing those perspectives with you, beginning with those of Briggs himself.    

Robbie Briggs:

Right now is possibly the best time in the last 25 years to buy a house. Based on historic trends, particularly during the last six years, we are primed for rates to go up dramatically.  With each percentage increase, the cost to a buyer is the equivalent of 10 percent of their purchase price. There is also a current selling window, for longer sales cycles are possibly on their way along with new spring market inventory. Sellers need to be realistic on pricing to take advantage of today’s opportunity.