What will 2013 bring to the housing market? Certainly no one has the crystal ball but in this article some of Atlanta’s top market leaders give their professional insight.
The good news is this: All are encouraged that 2013 will be a better market.
According to the Demand Institute : The Shifting Nature of U.S Housing Demand, 11% of homeowners would like to sell their homes but haven’t listed yet, mainly because they feel that they would not be able to get the price they want. This means fewer houses are for sale, and therefore it isn’t a surprise that 60% of buyers, according to the Wall Street Journal (June 4, 2012), face competition when making an offer on a home.
“The bottom of our housing market has come and is now fading away in the rearview mirror,” said David Boehmig, President and Co-Founder of Atlanta Fine Homes Sotheby’s International Realty. “If you thought about buying in the past few years but have been putting it off, right now may be the best combination of low interest rates, a healthy level of home choices and, relatively speaking, great prices!”
To see what others have to say about the 2013 market forecast, click here.