2014 Real Estate Predictions Favorable
While the housing rebound was swift with little signs of concern from 2012 to August 2013, there was some concerns popping up throughout third-quarter 2013. Mortgage rates started to increase after remaining at an all-time low and purchase rates have slowed in some regions. High demand housing markets risked hitting a tipping point after property values jumped so quickly that many prospective buyers ran away.
Granted, throughout this time there were newfound areas of hope, so not alas at a loss. The housing market's strength was spilling into adjacent sectors. Home improvement and home supply stores saw earnings break far past their projections. With this came stop-start booms in new construction, and homebuilder companies reported earning gains that were more than home supply providers.
What's the Verdict?
Despite the moments of quivering in the second half of 2013, the housing market seems set for a great new year in 2014! It seems we all have been holding our breath over the concern that the housing market could once again trend backwards. However, it seems to be getting better with each and every passing day. Here is to another good year with a flourishing housing market! Happy New Year!
For more information about buying or selling a home in Fort Lauderdale, call me today at 954.850.2397