Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year.
Tag Archives: Timing
Lending Standards: Are They Actually Loosening?
In a recent story on MSN Money titled, Mortgage Borrowing Is Getting Easier, it was revealed that: “Credit is not raining down on would-be borrowers, but it will be a bit more accessible this year.” The article bases it findings on the Federal Reserve’s January Survey of Loan Officers. Dan Greene of the Daily Mortgage [...]
Getting the Offer Accepted
The National Association of Realtors just released their Pending Sales Report which revealed that buyer demand is at its highest point in three years. At the same time, the supply of homes for sale has dramatically dropped in the last several months. That has created a real estate market not seen since boom times of the [...]
Another Reason to Sell Now: New Construction Will Soon Be Your Competition
Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. As an example, the National Association of Realtors revealed, relative to last year, year-to-date new home sales are up [...]
A Good Reason to Sell Your House Today in North San Diego County!
Demand for Real Estate is Much Stronger This Year When selling anything, owners can only hope there is a strong demand for that which they are selling. The great news for today’s home sellers is that the current housing market is experiencing a stronger demand than we have seen in some time. The spring housing market of 2013 [...]
Two Additional Experts Upgrade their Pricing Forecast
As reported last week, several analysts had upgraded their projections for home price appreciation in 2013. A few days later, the Wall Street Journal revealed that two additional analysts had also upgraded their forecasts. Zelman & Associates “Ivy Zelman, chief executive of research firm Zelman & Associates, said Wednesday she was now expecting prices to [...]
3 Financial Reasons to Buy a Home NOW!
We are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. Prices Are Rising at an Accelerated Rate The price of a home is the major consideration when deciding whether or not it [...]
What’s Up with the Housing Inventory?
It’s All About Supply and Demand Definitions of Supply and Demand: Dictionary.com In classical economic theory, the relation between these two factors determines the price of a commodity. This relationship is thought to be the driving force in a free market. As demand for an item increases, prices rise. When manufacturers respond to the price increase [...]
