At PropertyRecord.com, knowing the real estate market is our business. That’s why PropertyRecord.com has a database with the values of millions of homes in North America. And it’s why people come back to use PropertyRecord.com again and again!
This month, we decided to use our information and our skills to look at where we think the real estate market is going in 2014.
We are happy to report that unless there is a huge, unexpected change in market fundamentals, that we expect housing prices to continue to rise during the new year. In fact we are so bullish on the market that we recommend 2014 as a great year for people who want to invest in the market.
There is no sign that interest rates will be rising any time soon – which means mortgage rates should remain low, making buying a home increasingly more tempting for people. There has not been much growth in the home building market, which means that the supply of homes is becoming tighter, which should also have an upward effect on prices.
With increased demand and fewer available homes, plus reasonable interest rates, we at PropertyRecord.com strongly believe that housing prices will continue to rise until at least Q1 of 2015.
The only thing we can see interfering with this projection is if the Federal Reserve were to suddenly raise interest rates. However, given the extended recession, there is no reason to believe they would take such an action until at least the 2014 congressional elections.
PropertyRecord.com provides property reports and other valuable information to home owners, buyers and sellers across North America. With an extensive database of public records, consumers are able to look up the value, history and residential details on a home or property with a simple search. Visit PropertyRecord.com to chat with a live representative, call 1-855-482-6221, or email Manager@PropertyRecord.com with any questions or concerns.
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