Young physicians—particularly those who have completed their residency training in the past few months or years—often relocate markets. For those who are new in a city or state looking to buy a home, the process can seem daunting.
What are current market conditions and how do they impact the different segments of the market such as renters, buyers and sellers? Tal Frank, president of PhysicianLoans—a preferred home-loan provider for AMA members—offers some insight on those questions.
The real estate market is as hot as it has been the past decade, and it looks like it will stay that way.
“The trend will slow down or stop once one of two things happens,” Frank said. Interest rates go up enough to seem less attractive and keep people out of the market or housing supply increases to meet the demand. Right now, there’s not much talk about any substantial increase in…