SHREWSBURY, NJ - Thomas McCormack, Senior Partner and Broker of Resources Real Estate Was recently quoted in "Is A Local Market About To Grow? 13 Signs To Watch For," an article by Forbes.
In the article, he explains:
“Local markets generally heat from the bottom up. Look at the investment properties, tear-downs, vacant land, etc. If these are in high demand, chances are good that this will progress up the price scale, especially as the lower-end properties get rehabbed. It does not always make its way to the luxury market, but will usually permeate the lower and mid-level price range for a given locale. ”
Please visit Forbes to read the entire article.