11 Expert Real Estate Predictions that Point to a Fantastic 2014


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This past weekend I went to a real estate retreat where the top real estate expert in North America shared with me some things he expected to see in 2014. In total, he gave me eleven points in his forecast and I'm going to share them with you now:
  1. Home prices will continue to rise, bringing a certain amount of normalcy back into the market.
  2. Interest rates will remain low, so buyers will see both great prices and great rates.
  3. Inventory will also remain low, which will bring better prices because of increased demand.
  4. New Home starts will go up 15-20% in the United States.
  5. The real estate market will stabilize for the first time in 6-7 years as supply & demand balance out.
  6. Realistic pricing will generate multiple offers on appropriately priced properties.
  7. This new-found confidence in real estate will motivate buyers and sellers.
  8. Home sales are expected to rise by 3-5% throughout the nation.
  9. New Lending Policies will be put in place to help prevent the relapse seen in 2006.
  10. Homeowners will continue to build equity.
  11. Fewer 'under water' properties will translate to more equity for homeowners. This will create a move-up and a move-down market.
There you have it. The eleven expert predictions for real estate in North America for 2014. The great thing about all of these predictions is that they're all good news!

Contact me if you're ready to take advantage of the best market that we've seen in eight years. I can be reached at (530) 273-0073 or you can reach me by email at kurt@kurtcongdon.com