Housing Outlook for 2014: Steady Sales and Higher Prices

Want to get an idea where the real estate market is headed in 2014? Check out this recent article (Housing Outlook for 2014: Steady Sales and Higher Prices) which discusses the speculations of NAR®’s Chief Economist Lawrence Yun who forecasts existing home sales to hold fairly even in 2014 and the median sale price of homes to increase nearly 6% with inventory shortages being felt again this year.

Meanwhile, the Kiplinger Letter, in its annual economic forecast issue, calls for a 4% increase in existing home sales. The publication says new home sales are likely to jump about 16% next year after soaring 36% in 2013 and 20% in 2012.

That’s great news for sellers again this year and means that buyers may breathe a little easier in the search for a home with a slight increase in inventory.

If you have questions about the market and are considering a move in the new year, give me a call today to discuss your options!

 

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Why You Should Consider Selling Your Home During the Holidays

Star Christmas Lights Hanging from an Eave

 If you are considering a move during this holiday season but you are unsure how the market will react, read on. You may be surprised to find that some of the most serious, ready-to-go buyers are waiting in the wings during the holiday season to take advantage of the market while others are out holiday shopping. At an open house a few weeks ago, I had over 125 people through both Saturday and Sunday, proof that plenty of buyers are waiting for your home to come on the market!

WHY SHOULD YOU CONSIDER SELLING YOUR HOME DURING THE HOLIDAY

  • Holiday buyers are particularly serious, committed and focused.
  • The corporate executive transferees have more free time to shop for a home now than at any other time of the year.
  • Over the holidays there are fewer homes available, therefore supply and demand work in your favor.
  • Homes are seasonally radiant during the decorative holiday period.
  • The holiday season is a time of heightened consumer spending.
  • Some buyers purchase homes as gifts.
  • Interest rates are still attractive.

TO PRESERVE PRIVACY OVER THE HOLIDAYS, AT YOUR REQUEST WE CAN TAKE AN EXCLUSIVE MARKETING APPROACH

  • All showings are by appointment and only available to qualified buyers.
  • Take a low key approach to advertising your home, reinforcing its exclusivity.
  • Don’t include property address in advertising.
  • Consider not placing your home on the MLS during the holiday period.
  • No lock box.
  • No open houses for either public or Realtors® (unless homeowners request otherwise)
  • No for sale sign.

If you are considering selling, give me a call today at (408) 410-2060 for a FREE home estimate. Also, remember, if you buy or sell a home through me, or refer me to someone who does, YOU get a FREE 16GB iPad4! What a deal!