Market Prediction for 2014

The Affordable Home Is Worth Waiting For.

A good friend and real estate broker made a prediction:

“Spring 2014 real estate market will be the busiest since 2005. Prices will not spike so much as the volume of transactions. That’s my take.”

That’s a LOT of homes getting sold. His prediction is based on what we both believe is serious pent up demand, both from YOU, the potential Buyers and from potential home Sellers. And again, I quote:

“Think of all the people who have waited since 2007-8. Putting off life, babies, etc until there was a recovery. The pent up demand will be a considerable influence.”

I Believe in The Affordable Home.

Prepare, prepare, prepare:
• Mortgage Prequalification
• Attorney
• Home Inspector
• Buyer’s Agent

Do your research, hit the streets and work hard shopping for a home BUT stand your ground on your price. The Affordable Home is out there waiting for you, and it’s worth the wait.

My friend the real estate broker is a great guy named Phil Faranda. You can find his words of wisdom here:
http://westchesterrealestateblog.net/the-most-compelling-economic-indicator-for-real-estate-on-earth/