With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013.
From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates low, which seems like the most reasonable assumption, here is what will happen,"
Investors: Investors and, yes, even flippers will continue to grow in numbers as they realize housing is the best risk-adjusted return on their money.
Boomerang buyers: Foreclosed homeowners, who are currently renting homes, will come back in droves. In Phoenix, they are paying $1,300 in rent for a home whose mortgage payment would be $1,000. That situation is not sustainable. The Federal Housing Administration and Department of Veterans Affairs have low down payment programs with insurance premiums that push rates near 5.0%. Those payments are still very affordable.
Entry-level buyers: First-time homeowners, who have been sitting on the sidelines waiting for a sign of the bottom, will hear about price increases in their desired neighborhood and rush to become homeowners.
Move-down buyers: Empty nesters and retirees, who have plenty of equity in their existing home, will buy a home that is more suitable to their current lifestyle, which may or may not include adult children as well as their aging parents.
Moveup buyers: The price appreciation that occurred in the last year has already lifted 1 million underwater homeowners above water with future price appreciation to lift them even more.
Louis Williams is the CEO for The Williams Team which now has 14 members total. His Team consists of four Listing Specialist, five Buyer Specialists, two Transaction Coordinators, Director of Sales, Listing Manager and Listing Assistant. The Williams Team has had nearly 100 Million Dollars in gross sales over the past nine years. Louis' Real Estate Group is among the top 1/2% of Realtors in the Greater New Orleans Area. He has also been awarded the prestigious NABOR Platinum Award for the top 1/2% of Realtors for the past five years and named the #1 Real Estate Group in the Area 2014.
Keller Williams Realty Services 985.727.7168 Independently Owned and Operated Licensed in La Mandeville LA
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"12/08/2014 Helped me sell a home
Sold our home in record timing! The team works hard to ensure that your home is represented incredibly well at showings: 1) From the listing photos, provided by a professional photographer, who also has an eye for real estate, to our listing agent who provided insight into staging our home! 2) Marketing efforts are superior! It was obvious that they went above and beyond just listing our home on the MLS. Actual calls were made to other agencies to help increase market exposure. When I provided additional photos, they were on the web within minutes! I was so proud to provide links to my home's listing website. It is very professionally maintained!! As an aside, even after our home sold, we relayed our buying questions (we were buying out of state) to the Louis team because we knew that we'd get accurate information and expert knowledge and advice!! My neighbors actually joke and say, "you know, selling is supposed to be the hard part." But, for us, it was a breeze! Thank you to the entire team!!!!"