Housing Expectations for 2013

 

With the new year approaching fast, many are wondering what to expect in the real estate market in 2013.  A long-awaited level of excitement has been building over the past several months and there is an undeniable renewed energy in the real estate market today.

 

Buyer confidence is definitely back and multiple offers are common on some of the most desireable properties.  Sellers are enjoying slight to moderate price increases and getting ready to put their homes on the market.

 

Mortgage rates remain extremely low and lenders have loosened some of the regulations on the "flipping" of homes which is great news for investors.

 

CoreLogic reported Monday that October prices increased  by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth consecutive increase in home prices.

 

All in all, I am expecting a great real estate market in 2013 with lots of new opportunities for buyers and sellers.  I'm not worried about what the government will decide about the "fiscal cliff" and I am quite optimistic about what 2013 will bring.  

 

If you are thinking of selling or buying,  it would be my pleasure to help you plan your stategy for a successful year in 2013. Just call or email me today.   I always enjoy hearing from you!

 

Nancy Puder is the broker and owner of SignatureProperties, a prestigious real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 Your calls are always welcome!