According to statistics shared by the Wall Street Journal, the economic forecasters expect a 2% home price increase in 2012 and a 3% increase in 2013.

This is a great prediction however it is news like this which makes sellers  hold off listing in the hopes of  gaining a larger profit with home prices that may jump in 2013.  Timing in the real estate market is always part of the  market equation so lets examine the timing of the real estate market NOW vs. the FUTURE and the risks involved.

News that you won't hear  being reported in the media  are the  mortgage reform changes coming in January 2013  with qualified mortgages as part of the Dodd Frank Act .  Buyers who can obtain approval now may not meet the new criteria in 2013.   This is going to affect both home sellers and buyers.

So what do you risk if Lake Charles home prices do go up in 2013 and you  decide to wait until  next spring to sell your Lake Charles home?  You may find the pool of buyers shrinking due to the new mortgage guidelines, and you may likely find yourself paying more for your new Lake Charles home if  values and  prices do go up in 2013.

Economic Forecasters predict and project with research and stats.  I don't have the crystal ball of the future but I can share facts of  what the real estate market is doing right now and the facts of the Dodd Frank Act.

Compared to the last few years, it is a great time to  buy and sell.  Buyers can take advantage of historically low interest rates now.  Next year when we make the same comparison, who knows?

If you have been on the fence about listing your Lake Charles home or buying a Lake Charles home,  now is the time to take advantage of the Buyers  and Inventory of  Lake Charles Homes in 2012!

 

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This post has been included in Louisiana Real Estate News Calcasieu Parish, LA Real Estate News Lake Charles, LA Real Estate News
Post is included in group: Advice for Buyers
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2 Comments on Avoid Real Estate Armageddon in 2013- Buy and Sell in 2012

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Outside Blog

Great link, thanks!

 
12:48pm • #1
563,606 Points 2 Featured Posts Outside Blog Called Shot Master

ANd just remember, at the end of 2012, you can no longer get tax credit for the short sale income from the forgiven debt and for most folks that woudl be at least a 15% loss in tax credit.  Is it worth waiting to make an extra 3% profit to give up 15%.
5:43pm • #2


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Marilyn Boudreaux, Lake Charles REALTOR® Lake Charles LA Real Estate

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Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s

Address: Century 21 Mike D. Bono & Co.'s, 4410 Nelson Road, Lake Charles, LA, 70605

Office Phone: (337) 478-1578

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Author Bio: Marilyn Boudreaux Marilyn Boudreaux is a full time REALTOR® licensed by the Louisiana Real Estate Commission and affiliated with Century 21 Mike D. Bono & Co.'s in Lake Charles, LA. Marilyn Boudreaux is one of the top 100 real estate agents within the entire Century 21 South Louisiana/Texas Region

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