- January 02nd, 2013
2012 was a great year for real estate—homebuyers were optimistic and bought homes with confidence. And we believe that was just the beginning. Below are several reasons why we believe 2013 is a great year to buy a home.
Things are looking up—way up. According to Metrostudy, a housing and market research firm, new home sales hit a four year high in September. Also, new home construction is 1/3 the trend rate of household formation—this signals a strong housing market.
Rising prices and low interest rates make people want to buy now. Per Metrostudy, the median new home sale price in October was 7 percent higher than in 2010. And mortgage rates dipped to record lows in November. Rising prices combined with low interest rates are a great reason to buy now to take advantage of savings.
A growing number of Americans believe it’s a great time to sell. The National Association of Realtors reports that the number of Americans who agree its a great time to sell rose 5 percent in November to 23 percent, the highest level since the start of the survey in 2010. And if it’s time to sell, it is a great time to upgrade and move into your dream home.
We aren’t the only ones who are optimistic about the year. The National Association of Realtors also has their own list: “13 Reasons to Look Forward to 2013“.
Interested in checking out what’s available here? Make an appointment to visit us today.
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