Real estate professionals confident in housing markets in 2013
While it is important for prospective buyers of homes for sale in LA County to be confident when making the big investment of buying a property, REAL have reported being more optimistic regarding home values and sales for the new year.
Data from Market Leader found that 84 percent of real estate professionals surveyed said real estate value and the number of transactions will increase this year when compared to those seen in 2012. Last year, one third of real estate markets were predicted to post declines in home prices, however, no market should experience a decline in values or transactions this year.
Improvements will be seen throughout most of the country, with metros including Austin, Texas; Salt Lake City, Houston, Portland, Oregon; and Nashville predicted to see higher home prices and a rise in real estate activity.
Confidence in the real estate market has increased by 28 percent, and a rebound in both housing and construction this year is a great sign for the economy