Top 10 Housing Predictions for 2013

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crystal ballWhat are the top 10 housing predictions for 2013?  According to the CEO of RE/MAX, David Liniger, (who was 85% correct on his predictions for 2012),  he is optimistic about 2013.  Here are his nationwide predictions:

1.  There is a pent up demand so we should see more home buyers and sellers enter the market.

2.  Home sales will be up 6-7% ;  Prices will be up 3-4%.

3.  More homes will be coming on the market.  Sellers are gaining more equity in their home and lenders are foreclosing more efficiently.

4.  Sales of higher priced homes will increase.

5.  Distressed inventory will retreat.

6.  Shadow inventory will be down.

7.  Short sales will increase due to streamlined processes which will help home owners avoid foreclosure.

8.  Mortgage rates will remain low but could climb.

9.  Lending standards will remain tight.

10.  Affordability will be the best it’s been in years.

 

If he hits 85% + of his predictions, I’d say we are in for a good year in real estate.

If only we all had that crystal ball?

About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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