Getting Real About Real Estate
2013 was an excellent year for the real estate housing market, and saying that our country needed “it” has to be an understatement. But what’s in store for 2014 and beyond, and how long will this enthusiastic real estate market last?
Depending which way the crow flies is really is still up in the air and needs to be determined. We’re in the middle of February, and there’re a few components “right now” mixing & brewing that set up for and conspicuous rest of the year.
Starting with the adverse factors dragging down the real estate housing market. Housing is really tight out there, we have an inventory problem, and our index is extremely stumpy. Nationwide across the board our selling list is deficient and is "one" reason home sales have dipped. The lending practices are a significant concern, we need to make sure qualified buyers get the opportunity from the bank, and I am a little concerned that possibility might be on the decline, as well!
On the positive side of the current housing market “interest rates” Interest rates are amazing and they make homes affordable. It does not get better then “right now” to get a mortgage loan on a home. There are many Americans in this country that would love the opportunity of becoming a homeowner. If given the chance there are many folks eager for long term home ownership, and would rather own then rent.
Like I stated, the real estate market can turn either way, the tribunal is NOT out yet and looks like 2014 is in the balance, & still to be decided. I am hopeful that 2014 turns out to be another fine year for the housing market. I have a feeling home prices moderately go up this year and that interest rates stay relatively low for the rest of the year. Hopefully we will have more sellers come out of the woodworks, and hopefully the banks make sure they’re NOT denying qualified buyers from getting a loan.
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