Winning Strategies in Real Estate: January 2014

2014 Prediction: Supply Will Struggle to Keep Up with Demand

2014 Prediction: Supply Will Struggle to Keep Up with Demand

There is a dramatic increase in demand for housing expected this year and making sure there is enough inventory to satisfy this demand will be a challenge for most of 2014.

We know that in order to have a balanced real estate market there should be between 5-6 months of inventory for sale.  Nationally, we are just about at the 5 month level.  As the spring selling season approaches, a new wave of housing inventory must come to market to keep up with the increasing demand of buyers.

If you are thinking of selling this year, you could very well experience a high level of demand for your property.  To learn more about the current real estate market in your area please contact me. I will be glad to help.

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 2 commentsTony Morganti • January 09 2014 07:20AM
2014 Prediction: Supply Will Struggle to Keep Up with Demand
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2014 Prediction: Supply Will Struggle to Keep Up with Demand There is a dramatic increase in demand for housing expected this year and making sure there is enough inventory to satisfy this demand will be a challenge for most of 2014. &… more
Expect Mortgage Interest Rates to Rise Significantly in 2014
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Expect Mortgage Interest Rates to Rise Significantly in 2014 Most industry experts believe that mortgage interest rates will continue to increase this year. Various analysts project those rate increases will take us somewhere between… more