Getting Real About Real Estate

By
Real Estate Broker/Owner with Kolsky Realty & Management 01311273
http://actvra.in/4bZT

 

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.

 

 

  **Comments? Questions? Want additional information? Post your comment directly to me online, or please call me anytime!  

 

 

  

 

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Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

IF only we had a crystal ball. The indicators can be mixed, but I too think we will likely enjoy another strong year of sales. You are right though, sellers on the fence need to hop off and get their properties listed.  Enjoy your week Jon. D

Feb 17, 2014 06:09 AM #1
Rainmaker
910,841
Richard and Beth Witt
Long Island Cash Home Buyer - Massapequa, NY
Long Island Cash Home Buyer 516-330-6940

I'm not optimistic about the Long Island Market... we still have a ton of inventory, waterfront properties are being destroying by flood insurance... and the property taxes are crazy... not sure what this year will bring but will do what I can to stay positive... 

Feb 17, 2014 08:40 AM #2
Rainmaker
2,658,503
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Jon --- it will be an interesting year -- I'm pretty certain of that.  As far as the future, I'm not sure but I know if I consistently prospect and become become at what I do, good times are possible.   

Feb 17, 2014 03:03 PM #3
Rainmaker
1,174,250
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Debbie~ thanks for the comment & "yes" it would be nice to see more sellers come out of the woodwork's!

Richard & Beth~ I wish you all the best "I know RE is local" Here's to a brighter light in your area Thanks for the comment!

MJ~ knowing the future would be nice, then we would not have to guess so muchha ha...Thanks for the comment! 

Feb 18, 2014 01:04 AM #4
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Jon Kolsky

Licensed California Real Estate Broker
Free to answer any Real Estate questions
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