2013 Housing Market Outlook


My realtor who helped with buying my home a few years ago occasionally sends me newsletters on the state of the US housing market. For the most part this is marketing material looking for referrals and to keep her in mind if when I decide to sell or upgrade. But a recent newsletter she sent me had an interesting graphic which provides an early prediction into the 2013 housing market. Interesting points to note:

Nearly 75% people think it is a good time to buy (as opposed to 15% who think it is a good time to sell). From anecdotal evidence, I think this is more like 50%, but the trend is positive. No doubt. Rental investments are also getting hot as folks with cash would rather invest in the safety of real estate as opposed to an already frothy stock market that could coming crashing down fast any day. As the housing crisis fades into memory, it seems people would rather put their cash into tangible assets and let their 401(k) and IRA plans be the vehicle they use for investing in equity markets.

Home prices are rising. I run my house through Zillow about once a month to get an idea of how much it has gone up or down in value. The site also provides information on homes that have been sold or new homes that have come up for sale in my neighborhood. These actual home comparables or comps are generally a better guide to home values than model generated ones that most realty sites provide.  Either way, model or via comp values, I have definitely seen a rise in home prices and a general increase in sale prices of homes in my area. Talking to family and friends in other parts of the country this is a similar trend. Even homes in Florida and California, hit hardest during the housing slump,  are going up in value. The main exception is housing markets in the mid-west which is still struggling.

2013 housing market

2013 housing market


Liked what you read? Then stay connected and get the latest articles via RSS, Email or Facebook

{ 1 comment… read it below or add one }

Leave a Comment

{ 2 trackbacks }

Previous post:

Next post:

Disclaimer: The information contained on Saving to Invest (this site) is for general information purposes only and does not constitute factual or professional financial advice. In accordance with FTC guidelines, we disclose that we may have a financial relationship with some of the merchants/companies mentioned on this website. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers. Refer to the Privacy Policy and Terms of Use for more information