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5 Predictions for the Evolution of the Residential Real Estate Market in 2014
Posted by Century21Thomas | Monday, December 16, 2013


It's that time of year, the time when we all begin to reflect on the year we leave behind and look for what the future may hold. That even holds true for the real estate market! Housing market recovery in 2013 was anything but weak and the upward trend will continue through 2014.

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:
  1. Housing  inventory to rise back to seasonal levels
  2. More residential properties to return to a state of positive equity
  3. Rising mortgage rates
  4. Number of homes entering foreclosure process to decrease
  5. Housing affordability continues to decline
The future of the U.S. housing market in 2014 is bright, despite predictions made by some economists that buying a home in 2014 will be less affordable.  Click here to read more about the 5 housing predictions and what is in the bag for real estate in 2014.


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