Navigation Links
Housing Trends the Last Half Of 2013: Housing Analysts Predictions
Date:9/7/2013

Twin Cities, Minnesota (PRWEB) September 07, 2013

July's market data shows housing trends of a national decline in housing inventory of 5.24 percent, which is the second month in a row with year-over-year inventory declines in the single digits, according to realtor.com. National median list prices increased 5.27 percent year-over-year while median age of inventory is down 16.67 percent. Overall the Twin Cities is faring better with inventory decreases of 10.1% to 16,124 as of August 17th, 2013, as it is for other housing trends.

"We're actually starting to see more inventory of home listed for sale. Recently, the Twin Cities months supply of housing inventories were so tight that the market hit a 12-year low. With home prices heading upward, more homeowners are considering selling," says Jenna Thuening, owner of Home Destination.

Home Destination has compiled a list composed of housing specialist across The U.S. who offer their predictions of what to expect in housing trends the remainder of 2-013:

1) CoreLogic: "I don't believe that home appreciation will continue in our forecast for the next year through may have next year will be about 6 percent house price appreciation which is half where we are today," states Mark Fleming of CoreLogic. One thought behind that opinion is that we have a pent-up supply of housing inventory; however, people who don't have enough equity in their homes to sell just yet. Potential home sellers who are choosing to opt of of participating in the market right now are creating tight inventories levels. In turn, this is driving home prices up.

2) Ratings: Additional large mortgage servicing right (MSR) transfers are scheduled to be completed during quarter 3 and 4 of 2013, which continues to signal the bank housing trends to offload defaulted/high-risk loans. Overall, delinquencies and foreclosures continue to decrease. However, residential mortgage servicers struggle on with issues regarding management of foreclosure and delinquency timelines. There continues to be a stark difference in the time to resolve delinquent loans between bank and non-bank servicers due to many factors, including regulations and staffing levels. Fitch believes that it will be challenging for non-bank servicers to maintain shorter timelines as additional highly delinquent loans move from the banks' portfolios to the non-bank servicers' portfolios.

3) Urban Land Institute: Housings capital markets are expected to maintain a snapping turtle’s pace for reducing legacy home loan problems as the wave of maturing commercial mortgages gains force over the next three years. Low interest rates have bailed out lenders and underwater home borrowers, but some economists warn against complacency and recommend home buyers plan for housing trends for quarter 3 and 4 of 2013 to include further mortgage rate increases.

4) Realtor.com: "We think inventory levels on a year-over-year basis will probably flatten out by the end of this year. That will be the first time since 2007. You are actually going to see inventory growth on a year-on-year basis starting in the fall, but prices nonetheless will continue to appreciate", says President Errol Samuelson.

5) Truila: Real estate buying seniors aren't focused primarily on built-in disability features; they may be searching for real estate listings of homes they could live in for the rest of their lives, "aging in-place," beyond the selection of senior-only communities. The trend is toward homes with no stairs to the front door, single-family single-story layouts and low-maintenance landscaping have a massive new audience attracted to these features which would otherwise not warrant a mention in a home’s marketing, especially if homes near yours tend to have loads of stairs or other features that are difficult for people to navigate as they age.

6) RE/MAX: Overall mortgage rated continue to stay at a historically low levels; therefore, the continued home buyer activity is anticipated. New home listings that were distressed are expected to decrease assisting the sale of traditional homes.

"It should continue to be a great year for Twin Cities real estate," summarized Thuening.

Home Destination offers more information on Twin Cities housing trends in 2013. Home Destination is a leading Minneapolis / St Paul residential Realtor helping real estate sellers find the best buyer pool. Call 612-396-7832.

Read the full story at http://www.prweb.com/releases/housing-trends-Q3-Q4/2013-predictions/prweb11096820.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Tobacco use more prevalent among African-American adolescents living in public housing communities
2. Black Teens in Public Housing Twice As Likely to Smoke: Study
3. Housing quality associated with childrens burn injury risk
4. HealthTech Solutions Group® and Anthelio® Provide Cloud-Based Data Warehousing and Revenue Cycle Solutions through Strategic Alliance
5. Researchers Identify Involuntary Tobacco Smoke Exposure in Boston Public Housing Authority Residents with Salivary Cotinine Testing from Salimetrics.
6. Smoking Bans in Public Housing Could Save Dollars, Lives: CDC
7. The Growing Housing Market in Orange County Has Increased and Stayed Strong, Despite National Trends
8. Should Homeowners Worry About A New Housing Bubble?
9. Norfolk Redevelopment and Housing Authority Aces Credit Rating
10. Housing Trend Has Home Builders Hammering: Multi-generational Homes Up
11. Chief Operating Officer Named for United Church Homes and Services, a Senior Living Housing Provider
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/20/2017)... ... ... total solar eclipse will occur across the U.S. on Monday, August 21, causing ... sun and Earth. This rare event will be magnificent to witness, but what does it ... the road during the total eclipse of the sun. , 1. Plan ahead. The eclipse’s ...
(Date:8/20/2017)... ... August 20, 2017 , ... ... HIPAA ComplyPAK™ Compliance Management System has assisted multiple clients in successfully passing ... Accountants, Service Organization Control Level 2 (AICPA SOC Level 2), and State Data ...
(Date:8/20/2017)... ... 20, 2017 , ... State Farm Neighborhood Assist® has named The Southern ... $25,000 grant. If the initiative wins, Gals Lead – Dream Queen Foundation’s signature teen ... area of St. Mary’s, Calvert and Charles Counties. The program could potentially impact nearly ...
(Date:8/20/2017)... CO (PRWEB) , ... August 20, 2017 , ... Are ... the same household? If so, you may be interested in participating in a ... purpose of this research is to understand more about the relational aspects of adults ...
(Date:8/19/2017)... ... August 19, 2017 , ... DMG Productions, producers of ... Group in an upcoming episode, slated to air fourth quarter 2017. Check your ... Aurum Group; a company committed to supporting dentistry using the most technologically advanced ...
Breaking Medicine News(10 mins):
(Date:8/18/2017)... Aug. 18, 2017  Nortis today announced the awarding of a $688K National ... the third year of a Small Business Innovation Research (SBIR)?Fast-track ... of Neurological Disorders and Stroke (NINDS).?  ... Nortis ParVivo Chip used ... ...
(Date:8/17/2017)... ANGELES , Aug. 17, 2017 MJAC2017 ... CBMJ – Canna Broadcast Media, today reveals its leading lineup. ... Isodiol International Inc., a global cannabis innovator specializing in the ... sponsor of the conference. MassRoots, Rambridge™ and The Green Organic ... Bay Inc. and Namaste Vapes™ as silver sponsors. ...
(Date:8/17/2017)... CAESAREA, Israel , August 17, 2017 /PRNewswire/ ... digital health Company with mobile health and big ... securities purchase agreements with domestic and non-U.S. investors ... common stock and shares of the Company,s newly ... private placement offerings. The Company expects to conduct ...
Breaking Medicine Technology: