According to ”5 Housing Predictions for 2014" published on the real estate section of the MSN network: "National numbers can tell a story about the economy in general, but home prices, inventory and foreclosure activity depend on local market conditions."
Price gains are expected to slow while inventory will grow next year. A few factors in the real estate market will bring a balance between buyers and sellers: "While positive trends, such as increasing home values, are expected to continue into 2014, mortgage rates are also expected to rise in the coming year and could put a damper on homebuyers' abilities to afford new homes." Here are briefly the five predictions for the 2014 real estate market. Make sure you read the full article to get a better understanding of each of them:
- Housing inventory to rise back to seasonal levels
- More residential properties to return to a state of positive equity
- Rising mortgage rates
- Number of homes entering foreclosure process to decrease
- Housing affordability continues to decline
It is very important to monitor how the market runs to ensure that we get the best out of our property investments. Cooperation with our agents is what we needed for us to do a job well done.
ReplyDeleteRancho Palos Verdes property inspection
Good grief! Its gives a good feeling to read this kind of stuffs regarding our business. Hope it can happen to make things more easier for us. The rising value of homes will definitely help us achieve our goals more faster and that is a good thing to know as a businessman.
ReplyDeleteProperty Investment Brisbane