Real Estate Market Trends In 2014 – LoanLove.com Reviews The Factors Impacting Home Buyers This Year
San Diego, CA (PRWEB) April 14, 2014 -- Fewer foreclosures, higher interest rates, and new mortgage guidelines are all part of what home buyers will have to deal with this year. LoanLove.com prepares those who are planning to buy a house this year with their new guide to the major real estate market trends in 2014. 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 newly released article explains to home buyers that while inventory is making a comeback, home prices are still on the rise. It says,
“While tighter supplies in early 2013 saw prices escalate, don’t expect to see a repeat of an inventory shortage this year. Greater inventory will be due to two factors: new construction; and the attraction of rising prices bringing more sellers to the market. Expect inventory to gravitate toward more traditional levels, easing the lack of supply to meet demand. This is primarily good news for home buyers. That doesn’t mean prices aren’t going to continue to edge upward. 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.”
The article also takes a look at some of the hottest home buying markets for 2014, noting that many people are now taking an interest in some of the comparatively lower-cost metro areas. Some of these cities include,
• Salt Lake City
• Seattle
• Austin, Texas
• San Jose, Calif.
• Miami
• Raleigh, N.C.
• Jacksonville, Fla.
• San Diego
• Portland, Ore.
• Boston
Loan Love also analyzes the rising interest rate environment and talks about how the foreclosure market will affect buyers this year. The article ends by stating that the real estate outlook for 2014 should be positive overall. It says, “Buyers looking to purchase in 2014 will find fewer investors to compete with than during the height of the housing market bust. Increased inventory, fewer foreclosures and higher prices will make the market less appealing to investors, paving the way for the average home buyer to turn a deal. Most experts agree that growing inventory and fewer investors will make for a more typical housing market and buying process than was seen in 2013.”
For more information on the housing market trends for 2014, click here to read the full article on LoanLove.com.
Kevin Blue, Loan Love, http://www.loanlove.com, +1 (949) 292-8401, [email protected]
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