Bill Sands and Sean DeVine Attended the
2016 NAR Conference in Florida
Bill Sands Broker President and Realtor Sean P. DeVine of Sands & Company Real Estate, Wyomissing attended the 2016 National Association of Realtors November 4 to 7 in Orlando Florida. Sands & DeVine attending the event as part of the real estate community of Berks County. This year 19,000 Realtors from around the globe attend the event.
The 2016 Realtor Conference & Expo was centered around the changing times for real estate in a Presidential election year and interest rates.
Sands attended an economic forum with Dennis P. Lockhart President of the Federal Reserve Bank of Atlanta GA. Lawrence Yun, PhD Chief Economist for the National Association of Realtors and a regular guest on CNBC and Bloomberg TV . The panel’s personal opinion was that interest rates would rise moderately in 2017, but the outlook was good for real estate market with moderate growth expected. The millennial generation was also discussed. The millennials have surpassed the baby boomers generation in the workforce, but are holding off in becoming home owners partly due to student debt and the job market. Millennials born between 1982-1993 have little choice but to live at home with their parents or rent.