San Diego, CA (PRWEB) April 09, 2014
LoanLove.com recently released an article that takes a look at some of the biggest home buying and home selling trends for 2014 and analyzes the data on the housing market that will have an impact on those planning to buy a home this year. LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp.
The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The new guide to home selling trends continues to help homeowners and buyers to make the most informed decisions regarding their home loan plans.
The new Loan Love guide says, “If you’re looking to buy a new home this year, there are a few forecasts on markets and mortgage loans from industry experts that might help to guide you through the buying process or at least enable you to make more-informed decisions. Tighter loan requirements, fewer foreclosures and growing inventory are just a few examples of home buying trends in 2014 in store for home buyers.”
Loan Love then looks at the rising prices and inventory impacts of 2014. It notes that while supplies were tight in early 2013, causing rates to escalate, this shortage will likely not be an issue this year. This increase in inventory will be caused by two factors: construction of new housing and rising prices attracting more sellers to the market. This should ease the supply and demand problems seen last year and is good news for home buyers. However, this does not mean that home prices are going down.
Loan Love explains, “Despite slight increases in inventory, home prices are expected to continue to rise, likely from 3 to 5 percent in the coming year. This compares to last year’s average of 5 percent nationally, buoyed by some regions with increases of 20 percent or more. Most experts agree that gains seen in 2013 were helpful to the recovering market and the economy in general. But some of the extremes in price gains are not sustainable over the longer haul, which is a good thing since it would prove unhealthy for the market longer term. Continued rising prices and home values will also be the ticket out of an underwater mortgage situation for some homeowners, as they finally regain positive equity status, a trend that got a foothold in 2013.”
The article also offers information on the hottest housing markets in 2014, trends in financing, mortgage rates and foreclosures, and discusses what the outlook will look like for home buyers in the year ahead. For more information on the predominant home buying and selling trends for 2014, click here to read the full article at LoanLove.com.