2013 Forecast

Posted by Emily Ray-Porter Group on Friday, January 11th, 2013 at 1:47pm.

As good as 2012 was, 2013 may be even better!
2013 forecastMany real estate experts are very positive in their projections for 2013, and expect that -
Mortgage rates will remain near record lows, at least through the first half of 2013, and then possibly rise to about 4% by year end.
Property values are expected to rise by 2 to 3% during 2013.
New household formation should increase by approximately one million nationwide, and housing starts are expected to rise to an annual rate of about 1 million per year.
Foreclosure rates are expected to continue to fall throughout the year.
Together, these are strong indicators of an active, vibrant and healthy real estate market in 2013.
Call Emily Ray-Porter & Associates for your real estate needs!!! 214-296-9155 

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