Most real estate experts are predicting an improving recovery for the majority of markets across the Country. The one part that’s harder to forecast is the homeowners who want to sell but have been holding off because the value of their home is less than what they hope or they are underwater. The question is whether or not they will put their home on the market as the prices begin to recover.
Economists are predicting a 3.1 % price appreciation for this year as well as a seller’s market (fueled by more buyers entering the market and homeowners waiting to sell until prices rise even higher). Interest rates are expected to remain low for some time in 2013, also helping the market recover because it allows buyers with modest budgets to still have a shot at homes even if prices on those homes rise.
If you’re in the market for a new home and/or would like to sell your house, the Restivo Team is ready to help. Give us a call and let’s get started today. 2013 is going to be a great year for buyers and sellers, so don’t miss out!
