- From December 2011 to December 2012, housing values were up 5.9%. In fact home prices have increased every month since October 2011 ("the bottom"??) and are expected to continue to increase 2.5% in 2013.
- .How your particular market is recovering is largely driven by the unique characteristics of your area..."location, location"...and will play a big part in whether you should rent, buy or sell, now or later, in order to maximize value and return.
- A new wave of underwater homeowners will surface, and 2013 will likely see cycles of ups and downs in prices and inventories. As home values go up, more underwater homeowners will be able to put their homes on the market thereby increasing supply and subduing prices (supply and demand)
- Home affordability will likely continue to be high in 2013 due to low interest rates and still recovering home prices.
Your comments are always appreciated.
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