10 Predictions for the 2013 Housing Market

10 Predictions for Housing in 2013
DAILY REAL ESTATE NEWS | THURSDAY, JANUARY 17, 2013

The new year could be the best year in real estate in years, but the housing recovery still remains fragile and challenges remain, says Dave Liniger, RE/MAX co-founder and chairman.

2013 Housing — What does the Crystal Ball say?

Liniger recently offered up some of his predictions for the new year:

  1. More buyers and sellers return to the housing market.
  2. Home sales increase 6-7 percent while home prices increase 3-4 percent.
  3. Inventory of for-sale homes will hit bottom.
  4. Higher-priced listings begin to sell more.
  5. The number of distressed properties continues to drop.
  6. The shadow inventory continues to fall.
  7. Short sales rise, reaching a peak.
  8. Mortgage rates rise slightly by year’s end from record lows.
  9. Lending remains constrained for home buyers.
  10. Home affordability remains at record highs.

How will this effect you?  Are you excited about becoming a first time buyer?  Or as a seller, do you see that you will now have equity to be able to sell and buy?

Let’s talk!!!  Send a private email to Carol@CarolGilles.com

 

About Carol

As a premier real estate agent in the South Bay, I’m here to provide you with all the resources and information you need to buy or sell real estate. I work with buyers and sellers in Torrance, Redondo Beach, Rancho Palos Verdes, Palos Verdes Estates, Long Beach and the surrounding areas and I’ve had extensive training in the latest real estate marketing strategies. I’m confident that I can offer you knowledge and tools most other agents can’t. Contact me so I can keep you updated on the latest real estate activities in our community and answer any questions you may have. I look forward to working with you!
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