Brokerage

Peter Hernandez: ‘There will be more business for everyone in 2015’

A 2015 outlook from the Teles Properties founder

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Peter Hernandez is the founder, president and broker of record at Teles Properties. Are you optimistic about 2015? We are very optimistic. While we have seen a huge bounce up in prices from the bottom of the Great Recession, the number of transactions have not been as strong as in previous recoveries. Inventory has been anemically low. We feel prices will increase more moderately and the number of transactions increase significantly. Our markets are robust, and we have seen an increase in buyers and multiple offers in many markets. The economy? The economy has legs. Inflation and interest rates remain low, and employment and consumer confidence are both rising. Low interest rates bode well for affordable purchases. Europe and Asia are experiencing some problems, but we think the U.S. economy will continue to grow. Terrorism is the wild card. The housing market? The housing market’s best days are ahead if history repeats. Your success? We were honored by Inc. 5...