5 Real Estate Trends to Look For in 2013

by Jan Richey | January 7, 2013

A new year!  A new real estate market.  The professionals of the KCM Crew predict the following will be of importance in 2013.

• Demand for Housing Will Continue to Surge – Buyer demand should maintain momentum throughout 2013 though a lack of inventory might be an issue.
• Generations X and Y Will Prove They Believe in Homeownership – Young adults, (ages 18 – 35) are committed to home ownership, and recent studies have shown that 43% already own a home, 72% see homeownership as part of their personal American Dream, and 93% of those currently renting plan to buy a home.
• Prices Will Continue to Increase – It comes down to supply and demand.  High demand for housing will continue through 2013 so expect to see the housing supply begin to diminish.
• Move-Up Sellers Will Return in Great Numbers – Until recently, negative equity has prevented many “move-up sellers” from moving up to the house of their dreams. However, with prices recovering, more of these sellers will realize that now may be their greatest opportunity to change their lifestyle.
• The Consumer Will Demand That Their Agent Be an Expert – Real estate professionals who invest time, money, and energy to truly understand the market will set themselves apart from other agents.

With six professionals and over 115 years of combined real estate experience, The Jan Richey Team strives to exceed customer expectations and provide the very best service.  They know the ins and outs of the real estate market and are ready to help you find the home of your dreams!

To read the entire post, click here.  Photo courtesy of buyersutopia.com.