The former regional president of Independent Bank, Kevin Griffin of McKinney, TX, earned his BBA in finance from the University of Texas at Dallas. Today, Kevin Griffin leverages more than 30 years of experience in banking and lending to market quality real estate properties to the residents of McKinney, TX, area.
Since late 2015, the housing market for 2016 was projected to be a prosperous one for home sellers, a prediction that thus far has rung true. In May, the sale of existing homes nationwide grew nearly 2 percent, representing the highest rate of growth in one month since February of 2007.
The real estate trends helping to shape this positive market outlook include the migration of new millennial parents to suburban areas. While viewed by some as a generation interested in residing in bustling downtown settings, members of this cohort are instead seeking out single-family homes in suburbs equipped with urban amenities, like public transportation, which allows for easy access to cities.
Additional factors benefiting the 2016 real estate landscape include low mortgage rates and the growing popularity of smaller cities, which require an ample amount of new construction to accommodate rapidly growing populations.
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