RE/MAX Chairman Dave Liniger released his top 10 list for the housing market for 2013 and if what he thinks could happen does then we are in for a great 2013. For home sellers he is expecting prices to rise by 3-4% across the board and more buyers to get into the market, good news if you have been waiting to sell. For buyers, this is probably your last best chance for good deals. With inventory starting to shrink in both private homes and the distressed market it will get harder to find the home of your dreams and those great mortgages aren't going to last forever.
Dave Liniger's Top 10 Real Estate Predictions for 2013 are:
1. More Homebuyers and Sellers come back to the market.
2. Homes Sales will rise by 6-7% and Prices rise by 3-4%.
3. The inventory of homes for sale will hit a bottom.
4. Higher priced homes begin to sell.
5. Distressed property numbers continue to fall.
6. Shadow inventory continues to fall.
7. The number of Short Sale closings will rise to a peak.
8. Record low mortgage rates rise slightly by year-end.
9. Lending remains tight.
10. Home affordability remains the best in years.
In Pittsburgh, we had a very strong 2012 and many of the things he mentions above are already happening. Read the entire press release here.
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