2013 Real Estate Forecast
According to the National Association of Homebuilders (NAHB), 2012 will end with the housing market up by 23 percent than in 2011 and 2013 will usher in a 21 percent bump over 2012.
According to the National Association of Realtors (NAR), existing home sales are at the highest level they've been since November 2009.
In the new construction sector, home builders are winded up with confidence. The NAHB/Wells Fargo Housing Market Index (HMI), which measures builder confidence in the single-family housing market, has posted gains for eight consecutive months and now stands at a level of 47. This is near the midpoint of 50, where an equal numbers of builders view the market as good or bad. The HMI has not been above 50 since April of 2006.