2013 Predictions for Real Estate Nationally

|

^-AA⁺A

10 Predictions for Housing in 2013

DAILY REAL ESTATE NEWS |

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.

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.