Real Estate Forecasters See Home Loan Leap
The holiday décor is down; neighborhood kids are back in school; January’s social calendar looks amazingly clear (compared with the previous two months, anyway)… so, what now? One suggestion I might offer: put some serious thought into acting on those financial New Year’s resolutions – at least the ones dealing with your Rehoboth Beach real estate plans.
Doing so would dovetail nicely with my own New Year’s prediction, one I share with many credible real estate watchers: 2013 is the year buyers and sellers are going to really get serious about real estate.
According to Money Magazine on CNN’s website, the housing market rebound is here. Among other sources, they site the Mortgage Bankers Association forecast that “more and more house hunters will start coming off the sidelines.” They expect total dollars going to new home loans to jump a heart-thumping 55%!
For five years, Rehoboth Beach homeowners weathered the storm of the credit crisis as well as could be expected; then came marked improvement in 2012. At last count, there were approximately 1.8 million homes for sale nationwide (half the number at the market’s deepest divot).
While no one expects real estate prices to see crazy red-hot double-digit increases in 2013, it is encouraging to see the worst in the rear-view mirror. And with optimism about residential real estate now broadening into general public awareness, we seem to be looking at a fresh arena for homeowners who are finally able to consider selling again…and for buyers who are past waiting for ‘the bottom’.
The message to prospective Rehoboth Beach home buyers and sellers this January echoes the sentiment of Money magazine, which answered the question, “Why, as a prospective home seller or buyer, you need to stop sitting on your hands”!
Whether or not your own New Year’s resolutions involve Coastal Delaware real estate, it is a propitious time to give me a call. We can start the conversation about your real estate goals and how current 2013 market opportunities fit them!