Inside Lending Newsletter – High Expectations for Housing Market
QUOTE OF THE WEEK… “High expectations are the key to everything.” –Sam Walton, founder of Walmart
INFO THAT HITS US WHERE WE LIVE… We all have high expectations for the housing market and it seems they’re being fulfilled. Real estate analytics firm CoreLogic reported home prices rose in 2013 at the fastest annual pace since 2005. In December, their Home Price Index was up 11% on an annual basis, the 22nd month in a row of year-over-year home price increases. Their CEO added: “The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing sector in 2014. After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the U.S.”
Also looking at 2014, a national real estate listing site estimates that home values will rise 4.8% overall through December 2014, although their analysts note that local market trends are expected to differ. The site’s chief economist elaborated: “…we expect more homes to be available this year, as more sellers enter the market and more homes get built, and a decline in investor competition should make for a more hospitable market for many buyers.” Even more optimistic, Standard & Poor’s 2014 housing outlook forecasts a 6% rise in the S&P Case-Shiller 20-City Home Price Index.
BUSINESS TIP OF THE WEEK… What you give is what you get. Successful networking goes two ways. Give your contacts more referrals and they’ll give you more referrals back.
648 Plank Rd. Suite 203
Clifton Park NY 12065
Orson B.Klender, Associate Broker
Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866
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Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066
About Real Estate Agent in Saratoga SpringsAs an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.
Saratoga Springs, NY
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