Sunday, January 20, 2013

2013 Predictions for Real Estate Nationally



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.






 

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