Real Estate Trends 2014!

What will 2014 bring in real estate?  That's a popular question.  Real estate recovery still hinges on job growth.  Job and income and wage growth are still slowly coming back and that will hold back real estate recovery.  This is not likely to change quickly.  Cities and towns with low unemployment may see better recovery than those with higher unemployment rates.

Multi-family apartment building will slow down.  There was a  lot of  multi-family building in the past.  That will slow down and there will be  less of a demand.

Condo development will also be slow and less likely to recover as much as the single-family home. Developers will be slow to put up new condo buildings.

Inventory is coming back.  Distressed  properties are on the downslide  and sellers are looking at better profits.  The buyer's market is gone and sellers know that interest rates may be on the rise as well as home prices.   This will help them squeeze a better price out for their house.

Lending standards may loosen a little next year but it is not a given.  People may be seeking other routes at finding funds beside their tradional banks and lending institutions.

Keep track of more trends at www.agentrising.com