2014 is coming round’ the corner, and Gig Harbor home-buyers need to know what to start looking for and why. It is essential to stay ahead of the game to get the most house for your money. CNN Money posted a great article with tidbits on what to focus on as 2014 heads our way.
The article, written by Carla Fried, states that we have great news for 2014 real estate health,
The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that’s good news. “For a sustainable recovery you want to see more balance between buyers and sellers,” says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.
In Gig Harbor, real estate is expected to follow the nation’s to become a “sellers market.”
“It will still be a sellers’ market in 2014, given how far we have before inventory is back to normal,” says Jed Kolko, chief economist at Trulia, noting the supply of homes in September was still about 15% below historical norms. “But it will not be as extreme as 2013,” he says.
As an expert in the real estate field and COO of Hudson Homes NW LLC, I can nod my head yes and start preparing to make some sales. Hudson Homes NW sells custom homes in the Gig Harbor coastal communities. News of the upcoming sellers’ market is music to my ears.
The CNN Money article HERE continues with tips to make your best purchase in 2014.
Real Estate in Gig Harbor 