Will 2013 Be the Time for Home Buyers to Jump?

By
Real Estate Sales Representative with Keller Williams Cornerstone Realty
https://activerain.com/droplet/M9y

Will 2013 Be the Time for Home Buyers to Jump?

how high can you jump?


 

We were surprised to see this headline especially since we are reading posts almost every day claims bidding wars and scarcity of inventory. It makes us think the media is almost 1 year behind where the market actually is.

 

The following articles seem to confirm that the market has already shifted and those buyers waiting "to jump" in 2013 will have to jump much higher in terms of dollars.

 

Report: Home Values Post 12 Straight Months of Increases

 

Existing-Home Sales Rise in October with Ongoing Price and Equity Gains

As the first article above says;

"Home prices are finally starting to recover, but they're still low enough to get a great deal. Add to that interest rates that are at historic lows, and 2013 may be the time for first-time home buyers to finally get in the game."


Now is the time for buyers to get in the game!

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Rainmaker
150,196
Michael J. Gallo
Florida Luxury Realty - New Port Richey, FL
Florida Luxury Realty - Gulf Home Sales Team

I feel that if buyers dont make a move by mid spring they will start to see the prices increase. In our area we are already seeing an increase in sales prices over last fall.  Which may cause a feeding frenzy this spring.

Nov 27, 2012 09:43 PM #1
Rainmaker
848,707
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Michael, hope you are right!

Nov 27, 2012 09:50 PM #2
Rainmaker
2,457,937
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

All these studies are done in a vaccum. If you want good numbers or bad just go where they are and report. Real Estate is local and here in Pensacola we could care less what it is somewhere else and NO TRENDS ARE CRAP AS WELL just ask a weatherman

Nov 27, 2012 09:59 PM #3
Ambassador
1,615,776
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

AMEN!  We have multiple markets in FLorida that have increased 100% or more in the last 12 months.  2012 was the time to JUMP.  While there are still bargains to be found, you need to search much harder.

Nov 28, 2012 01:00 PM #4
Rainmaker
848,707
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Charles and Kevin.

Nov 28, 2012 06:21 PM #5
Rainmaker
316,740
Frank Laisch
Orlando, FL
"The Insurance Guy"

2013 will be a great year! inventory is reducing and prices are on the increase. looking forward to a great new year!

Nov 28, 2012 08:43 PM #6
Rainmaker
848,707
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Let's hope so Frank.  Happy Holidays!

Nov 28, 2012 10:12 PM #7
Ambassador
1,979,999
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I agree - where they heck have they been? I too think it's going to be a good real estate year ahead...

Nov 29, 2012 12:38 AM #8
Rainmaker
848,707
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team
Thanks Debbie, we think they are nowqqqq behind the market like sellers were for 5 years
Nov 29, 2012 07:18 AM #9
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