What can I say, the real estate market is popping! My
big challenge today is simply in finding homes for all of the prospective
buyers out there. Yet, industry experts agree that it won't stay this hot
for much longer. The double digit price increases that we're experiencing
right now a function of a noticeable imbalance between supply and demand.
Yet as more homeowners are now in a positive equity position thereby allowing
them to move up or down, interest rates continue to creep up, and much of the
new home inventory gets closer to completion, we will be in a more balanced
marketplace as we enter 2014. And price appreciation will naturally abate
to a more historically relevant rate.
There is a unique window of opportunity in today's marketplace to sell for top dollar. Yet like all windows, this one, for the reasons mentioned above, will close.
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