San Diego, CA (PRWEB) April 12, 2014
Thinking of buying a house in 2014? A new real estate trends 2014 guide from LoanLove.com helps borrowers to make the most informed decisions regarding their home loans this year. 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.
This new guide says, “Tighter loan requirements, fewer foreclosures and growing inventory are just a few examples of home buying trends in 2014 in store for home buyers.” The Loan Love article goes on to explain that growing inventory will be good news for potential home buyers, but will not help to drive home prices down. This increase in trends will be the result of two major factors:
- New construction
- And more sellers getting into the market due to rising home prices
Loan Love explains that foreclosure trends for 2014 are also having an affect on housing market inventory and home prices. Fewer foreclosures is good news overall, but it does mean that there are fewer houses being offered this year at huge bargains. But, while foreclosure numbers did go down nationwide, there are some areas where they actually increased. This means that for some home buyers, there may still be a good foreclosure market to check out in their area.
For those who are thinking about where to buy a house this year, the article also gives a list of the cities with the hottest housing markets. Loan Love says, “Experts predict a lot of interest in some of the comparatively lower-cost metro areas. Among those cities making the “hot markets to watch” hit list most often with forecasters are:
- Salt Lake City
- Austin, Texas
- San Jose, Calif.
- Raleigh, N.C.
- Jacksonville, Fla.
- San Diego
- Portland, Ore.
- Boston “
The guide also takes a look at the financial trends that will drive impact home buyers. This information and fuller details on the other trends mentioned here can be viewed in the full article here, at LoanLove.com.
Lastly, the guide 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 and home loan advice, please visit LoanLove.com.