What does 2013 have in store for the housing market?

That’s the title of an article just published in Forbes Magazine that describes five things we can expect to see in the housing market this year, many of which are already happening in our local market. Here on the Eastside we’ve now seen 13 straight months of home value appreciation, and sales were up significantly over 2011 as buyers returned to the market, boosting demand.

It’s an exciting market for both buyers and sellers. Homeowner’s selling in 2013 won’t be selling at the bottom, and buyers are motivated to act while affordability is still high and mortgage rates continue to be low. But timing to reap the benefit of each side is crucial: the sooner the better. Due to current inventory being extremely low, homes coming on the market now have a good chance of selling quickly.

Are you thinking about selling, or know someone who is? Click here to read four more forecasts for our housing market, and if you have any questions, please call. I’m happy to discuss our local market, and help you with any of your real estate needs. As the economists say, we've definitely turned the corner on the housing market, and things are headed "up, up and away" in 2013!

Posted on January 5, 2013 at 7:53 am
Julie Billett | Category: Real Estate Market | Tagged

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