Spring Housing Market Trends from Equifax

March 18, 2014

Spring Market TrendsAre you looking to sell or buy a home this spring home buying season? If so, it’s important to get informed on market conditions and trends. Thankfully, the experts at the Equifax Finance Blog have been paying attention to the market and offer some helpful predictions in a new article!

Real Estate Facts: A Look at the Spring 2014 Housing Market” explains that Equifax experts are looking forward to home prices on the rise, but slowly. Home prices are predicted to rise between three and four percent on average nationally. This is good news for sellers. For buyers looking to get the best deal possible, they should keep in mind that prices have not yet and should not explode – home prices are still relatively affordable nationwide.

Inventories will be limited. So far this year, inventories are keeping pace with last year’s inventories. Little to no growth in inventory year-over-year may mean that buyers may have to be prepared to spend more to get the home that they want.

Market times will be shorter. Limited inventories also mean that homes will not stay on the market for very long. The average market time among 52 markets surveyed by RE/MAX in November was only 68 days. This means buyers will need to move fast when they find the right home.

Get more information in the full article on the Equifax Finance blog. While you’re there, browse through the many real estate related articles, as well as those on other personal finance topics, including credit, retirement, insurance, identity theft protection and more.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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