The News is Great for Sellers--2013 Home Prices to Rise

Real Estate Agent with The Kellstrom Ray Agency, Inc. (Est. 1948)

The news is great for Sellers--according to J.P. Morgan, home prices could rise up to 9.7% in 2013.  Three quarters of investors expect prices to rise at least 5%.

How does this affect you? 

According to the Wall Street Journal, when considering risks, J.P. Morgan analysts "conceded that the economy is “gloomy” and tight lending standards can stop a bullish homebuyer from proceeding with a purchase. On the supply side, the “shadow inventory” of more than four million homes near or stuck in foreclosure still looms, though that inventory is dropping .

What’s more, just the uncertainty over whether politicians will be able to steer clear of the “fiscal cliff,” the scheduled tax increases and spending cuts next month, may hurt investor confidence (see link here).

As such, correct pricing is still always the key to selling any listing.  Location, condition and price will always be the cornerstone of the real estate industry.

More of Door County's shadow inventory will be released from January through April.  Sheriff sales and auctions appear to be on the decline.  Buyers should act quickly in early 2013 to get the best rates and check new listings and price reductions regularly.

However, the prediction is still for slowly rising prices in 2013.  Once consumer confidence gets past January, low interest rates should hold their own to spur on the slow housing recovery.  The news is great for Sellers--2013 home prices to rise.

Door County Real Estate Investing

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All information is deemed reliable as of date of publication and is subject to change without notice.


 Thank you for reading!  MaryKay Shumway, ABR®, CRS®, Realtor® loves to laugh and enjoys working with people that love the Door Peninsula.  She is a full-time real estate Broker, mother of two and a senior Broker Associate at the Kellstrom-Ray Agency, Inc. in beautiful Sister Bay, Wisconsin.  She represents listings throughout the Door County Peninsula and also represents many Buyers that want to purchase the perfect property to make Door County a part of their lives.  CONTACT MARYKAY ABOUT YOUR DOOR COUNTY PROPERTY QUESTIONS TODAY.

MaryKay Shumway has a consistent multi-million dollar producer for over thirteen years.  Representing both listing clients and buyer clients full time, MaryKay is also a mother of two and active in the Door County community in the local school district, nonprofit groups and governmental affairs.  A member of the Door County Board of Realtors Honors Society from 2005-2016, the Door County Realtor of the Year 2008, a member of The Real Estate Group's Chairman's Circle in 2010-2015, and an member of the Coldwell Banker International Diamond Society for 2014 & 15.  She has served as President and Vice President of the Door County Board of Realtors  and as a member of its Advocacy Committee.  MaryKay is a top MLS producer and has held the position of top producer at The Kellstrom-Ray Agency, Inc. since 2016.


Contact MaryKay.  "As a multi-million dollar producer and senior associate at The Kellstrom-Ray Agency selling Door County real estate, I focus my balance on both  featured listings and representing Buyer Clients looking for the perfect Door County Property.  I turn Door County vacations into Door County traditions by helping you own your own Door County real estate, and I represent exceptional properties in all price points on the Bay of Green Bay, Lake Michigan, and all inland lakes and properties in between. Call, text or e-mail me today."


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MaryKay Shumway

Door County Wisconsin's Real Estate Expert
BUYING or SELLING a Door County Property? Call Me Today!
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