Expert Predictions for the 2014 Housing Market

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The experts at Keeping Current Matters (KCM), an industry resource for real estate agents and companies across the country gave us their predictions for the housing market in 2014.

Home Sales Will Surge
Many housing pundits are calling for home sales to do slightly better in 2014 than they did in 2013. To the contrary, KCM strongly believes that home sales will skyrocket with increases of 10-15% in 2014.

Supply Will Struggle to Keep Up with Demand
With a dramatic increase in demand, it will be up to real estate professionals and builders to make sure there is the necessary inventory to satisfy this demand. This will be a challenge for much of the year.

Interest Rates Will Increase Significantly
Most experts are calling for an increase in mortgage interest rates in 2014. However, KCM believes the increase will be more dramatic than is being projected. We believe rates will be closer to 6% than 5% by year’s end.

Remember, real estate is a local business, so be sure to consult your Shorewest real estate agent to talk about what the housing market looks like in your area.

Tags: 2014, Home Buying, Home Sales, Housing Market, Interest Rates, real estate market, real estate news

Categories: Home Buying, Home Selling, Mortgage, Real Estate News