Top 10 Housing Predictions for 2012
I stumbled upon this interesting video by Dave Liniger and decided to repost...
Dave Liniger, Co-founder and Chairman of RE/MAX shares what he views to be the Top 10 Housing Predictions for 2012 and provides what he thinks the real estate market will bring to 2012....
Top 10 Housing Predictions for 2012
Overall the forecast for 2012 is better, due in part to the pent up demand for housing creating by young buyers entering the housing market. This creates a tremendous opprtunity for investors, and those same people will help with the hosuing recovery.
- Interest rates will continue to be both historically and generationally low.
- Prices should remain stable the first half of the year with a possibility of some markets seeing a small decline. We should then see home prices start to rise in the latter half of the year.
- Increased home sales resulting in steady gains.
- Rising inventory, with foreclosures and distressed property making up a large percentage.
- Increase in distress property sales.
- Improved short sale and foreclosure process.
- Lower homeownership rates with an increase in rental rates.
- Investors will make up 25% of the market including foreign and domestic
- Increased reliance on REALTOR expertise due to the changing market
- Consumer friendly technologies will continue to be available and tech savvy REALTORS will continue to make use of these tools.
See the video below....
Top 10 Housing Predictions for 2012
Overall the forecast for 2012 is better, due in part to the pent up demand for housing creating by young buyers entering the housing market. This creates a tremendous opprtunity for investors, and those same people will help with the hosuing recovery.
- Interest rates will continue to be both historically and generationally low.
- Prices should remain stable the first half of the year with a possibility of some markets seeing a small decline. We should then see home prices start to rise in the latter half of the year.
- Increased home sales resulting in steady gains.
- Rising inventory, with foreclosures and distressed property making up a large percentage.
- Increase in distress property sales.
- Improved short sale and foreclosure process.
- Lower homeownership rates with an increase in rental rates.
- Investors will make up 25% of the market including foreign and domestic
- Increased reliance on REALTOR expertise due to the changing market
- Consumer friendly technologies will continue to be available and tech savvy REALTORS will continue to make use of these tools.
source: YouTube REMAXIntl Channel