Outlook on Housing for 2014

2013 was a relatively good year for housing, as prices were increasing, and fewer homeowners were struggling with negative equity. 2014 is set to be mostly a good year as well, as the economy improves and construction resumes. Forbes has compiled a list of the ten things housing experts expect to see in 2014.

1.      More homes will be available.

2.      Mortgage rates will rise.

3.      Mortgages will be easier to get.

4.      Home prices will rise 3%.

5.      Fewer homeowners will be underwater.

6.      Affordability will decline.

7.      Ownership will decline.

8.      Americans will move.

9.      Foreclosures will fade.

10.  Home buying process will be less crazed.

To read the full article from Forbes, click here. If you have any questions please, contact us!

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