South Florida Real Estate
954.608.5556

Home / Blog / Real Estate /

Home prices will rise in 2014

Mon, Feb 17, 2014 at 11:04AM

Home prices will rise in 2014 but at a slower, steadier pace
compared to historical trends. The housing recovery has pushed
up home prices nearly everywhere. In 2013, a sense of urgency
drove traditional buyers hoping to take advantage of still affordable
home prices and historically low mortgage rates.
Buyers found the selection limited and were often forced into
bidding wars with investors and other buyers who paid cash.
Distressed properties are still adding to the supply of homes
nationally, but foreclosure filings are falling. Homes continue to
be affordable, despite recent run-ups. According to Clear Capitol
(a valuation solutions company), on average, prices are still 31.5
percent below their 2006 peak. The percentage of monthly
family income consumed by a mortgage payment (assuming a
mortgage rate of 4.1 percent) is just 15.6 percent, on average,
compared with 23.5 percent in mid-2006. Experts say the
economy is expected to expand enough in the coming year to
enable young people to begin moving out. They'll probably rent
first, but low vacancy rates and higher rents will prompt some
renters to move on to homeownership.
Whatever your needs are, I am here to help. I look forward to
meeting you personally and invite you to take advantage of my
services as your area Realtor®.


Bookmark & Share



User Comments


Be the first to comment on this post below!


Popular tags on this blog

Century Village Condos For Sale | Estate Waterfront Homes for sale | Florida Retirement Condos | home buying | home selling | Homes for sale in Weston Florida|Weston Real Estate|Real Estate for Sale in Weston Florida | housing market | increase in home sales | Luxury Mega Mansions | Mega Mansions,ocean front homes,luxury waterfront estate homes | normal price growth | Real Estate agent in Weston Florida | real estate market | Retirement in Florida | search for homes,weston florida homes, weston homes, weston florida real estate, weston florida real | Senior Condos | The hottest Neighborhoods in Weston FL. | Weston Florida homes | Weston Florida Homes for sale | weston florida realtor, weston realtors, weston florida real estate, weston homes, weston homes for | weston homes | weston homes, weston florida homes, weston homes for sale, weston florida homes for sale, weston rea | Weston Homes For Sale,,Windmill Ranch Estates Market Report,Market Report | Weston Luxury homes | Windmill ranches |

Search The MLS Listings