“One of the things we do expect in 2017 is interest rates to go up. We tell people don’t worry about that. That’s not a bad thing. That’s usually a good thing. When interest rates go up, it means there’s a strong demand for money which means the economy is strong,” said Herring.
Regardless of the higher interest rates, they expect more people to buy in 2017, especially in neighborhoods like Carolina Forest, which Herring says is one of the fastest growing areas in the US.
“We’re still considered the second fastest metro-market in the United States, and that captures a lot of attention by retailers, by retirees and as long as we continue to receive accolades across the nation for being one of the top retirement destinations, we don’t see that retirement population slowing down anytime soon,” said Herring.