2014 Real Estate Preview :
Assuming that interest rates remain
low, I think that is fair to say that buyers
will be active in the 2014 market. As a result, home prices will
continue to rise. The biggest
variable will be inventory levels. Based on current trends and our cold
Winter chill, we will begin
2014 with inventory between 5% and 10% less than we began in 2013.
With
more new construction and existing home sellers proving confident in a
stable upswing in
pricing, there is a chance that we will see a promising selection of
homes offered for sale in 2014. If so, we could see a very active
spring market
with slightly higher inventories, that should prove to be a continued
strength in our local housing market. Should inventories not keep pace
with demand, we could
see a repeat of the buyer frenzy of Spring 2013.
Call "Stevie D." Your ReMax Real Estate Specialist : (630) 479-9479
Free Homes and Property Finder at : www.HomesByStevieD.com
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