Five Things Consumers Should Expect From The Housing Market In 2013

Posted by Bonnie Martin Designated Broker on Wednesday, January 2nd, 2013 at 8:44am.


forbes.com - In 2012, the national housing market finally turned a corner. We’ve now experienced 13 straight months of home value appreciation. Sales were up significantly over 2011 as buyers returned to the market, boosting demand.

So what will 2013 have in store? Here are five things consumers can expect to see in the housing market next year:

1.  Rising home values.

2.  Whether you should buy or rent will depend on where you are living and how long you will be there.

3.  Homeowners who underwater with the mortgage will start to surface.

4.  Historically affordable with interest rates being so low.

5.  Mortgage interest deduction will play a part in what happens to the real estate market.

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