Economists make some predictions for 2014 in this article. Here are some of the highlights of the trends we might see in 2014. More homes for sale in the coming year as home values increase and free up homeowners that may have been underwater. Increased new home construction will boost inventory for home buyers and increase sales of new homes. Interest rates will likely rise this year, but still be at historically low levels. The housing market has been in a strong recovery this past year, but some recent data points to some softening in this market. Even if the market softens or stabilizes from last year, 2014 still looks like a good year to be buying or selling a home in the Twin Cities real estate market.
Full Article-Collins, J. (2014, January 12). Real estate predictions: Home Listings, rates will rise. Orange County Regster.
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