Home Sellers Still Bare the Upper Hand in 2014
Nationwide January saw home values have their smallest gains since May 2012 as January 2014 from December 2013 home values only rose 0.2% Even though we’ve hit a little lull in the housing market, I don’t think sellers should hit the panic button just yet nor should buyers start banking on the housing market turning into a buyer’s market either.
The spring buying season is right around the corner, and unless a lot of inventory miraculously hits the market, shoppers will feel the pinch as they compete with other home shoppers for the same property.
According to a bozo overpaid chief economist (one that works for one of the top aggregate website which bears a fictitious name) wants you to believe metro areas are headed for a “significant” cool down, and home values will take a hit, but he’s just a doom prognosticator spreading puffery, gloom and pontification)
Here’s a big news flash, RENTS… For the last seven years, the rental market gained traction & currently we're in an extremely strong rental market, and that bodes well "as well as" favors the housing market. As long as we have a vibrant rental market and affordable housing; investors will compete to buy homes and keep home prices on the upward swing. What the overpaid chief economists needs to realize “the housing market CAN’T dropped when there’s legions of investors buying up homes.
Do you want to know what the present of the housing market is in your area? If so, feel free to talk with a local real estate specialist in your area, &, please, whatever you do “stay off websites that have concocted made-up names”
No matter how the housing market performs, real estate is local. When it comes to identifying the housing market, your local Realtor lives it and breathes it day in and day out, and by far and away the best place to get current housing market conditions.
***Comments? Questions? Want additional information? Post your comment directly to me online, or please call me anytime!