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HAPPY 2014!
January 1st, 2014 10:30 AM

According to the economists for real estate, due to slow but steady economic growth,  2014 home sales are expected to rise about 10% and home values should increase as well. 

Florida's economy overall is doing well, with new jobs being created in construction, healthcare, and business services, and this will attract working-age families and retirees, increasing demand for housing. 

There may be a decline for investor purchases since investment properties have increased in price and there is now a smaller supply of low-priced homes.  Europeans may not be in the market for investment homes due to rising prices and the stronger dollar.  However, there should be little change from the Canadian buyers.  

Throughout the state, rising prices mean that less homeowners will be underwater and begin to see more equity in their homes.  That combined with the rising stock market through 2013 may be the incentive for more owners to put their homes on the market and help inventory levels to increase.  They may also be either downsizing or moving up to larger homes, thereby increasing the number of buyers in the market.

The general consensus is that 2014 will be a healthy and more prosperous year for sellers, buyers and real estate professionals. We are all more than ready to move forward into the new year with this positive outlook!

We wish you a very healthy, happy and prosperous New Year!!
Barbara and Allen


 


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Posted by Barbara Doeringer on January 1st, 2014 10:30 AMPost a Comment

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