Kiplinger published “Housing Outlook, 2014” in their January issue. Here is a wrap up of the most interesting stats from across the nation that give a picture of what is to come in 2014.

  • It’s time to sell. In 2013, prices rose by 10.9%, and the median price rose by $30,000 to $215,000. Home values are looking good—which means it is a great time to sell!
  • It’s also a great time to buy—prices are 31.5% below their peak in 2006. Although values are on the rise, houses are still affordable.
  • Prices will rise throughout 2014. Kiplinger anticipates prices to increase 4%.
  • More buyers will join the market. It is likely that people who have been living with parents and those who have been underwater with their current homes will find themselves in a place where they can shop for a new home. 3.5 million homeowners were out of negative equity in 2013.
  • Inventories will remain low. There won’t be as many homes to choose from, as inventories are expected to remain low through 2015.

So signs all seem to be pointing to buying a new home in 2014, and also buying sooner rather than later. Find the perfect home at WaterGrass. We have several that are complete and ready to purchase now.

Make an appointment to visit today!