It’s that time of the year when business experts posture and predict what 2014 will bring. One of the areas that is open to constant debate is the real estate market. Will sales numbers increase? Is inventory going to come back? Will interest rates stay low? The questions abound, and the answers vary from market to market, town to town and state to state. Most agree that we’re headed in a much more positive direction, and we’ve not seen the rising numbers level off just yet.
Based on industry-wide data from the Urban Land Institute, and considering a historical perspective of our local markets, the following real estate trends seem to be on point for 2014, and beyond.
All text by Debi Benoit, principal at Benoit Mizner Simon & Co.