I Wish We Were Only Going to Experience 3% Appreciation in 2014

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Unfortunately for buyers the shortage in supply and high demand from buyers is causing prices to rise. Yesterday we got the news that a townhome that was asking $550k went pending for $618k with no contingencies. This is more than 10% higher than what it would have sold for last year.

 

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2014 Home Sales Depend on Strong Job Market

Freddie Mac released its latest Economic and Housing Market Outlook, expecting home sales to grow along with wages this year, despite a still-tough job market in most sectors. Freddie is projecting a 3 percent rise in home sales and a 20 percent rise in new home construction in 2014, which the agency expects to level out to a 5 percent overall growth.»READ MORE

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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