10 Predictions for the 2013 Housing Market

The new year could be the best year in real estate in years, but the housing recovery still remains fragile and challenges remain, says Dave Liniger, RE/MAX co-founder and chairman.

2013 Housing — What does the Crystal Ball say?

Liniger recently offered up some of his predictions for the new year:

1. More buyers and sellers return to the housing market.
2. Home sales increase 6-7 percent while home prices increase 3-4 percent.
3. Inventory of for-sale homes will hit bottom.
4. Higher-priced listings begin to sell more.
5. The number of distressed properties continues to drop.
6. The shadow inventory continues to fall.
7. Short sales rise, reaching a peak.
8. Mortgage rates rise slightly by year’s end from record lows.
9. Lending remains constrained for home buyers.
10. Home affordability remains at record highs.

How will this effect you?  Are you excited about becoming a first time buyer?  Or as a seller, do you see that you will now have equity to be able to sell and buy?

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