As the first second quarter of the year is near us, results of 2014 real estate market report are in. Overall, NAR members expect a slowdown from the 2013 big growth. Good news, right? Good news in certain states. Home prices are expected to increase over the next 12 months in California, Texas, Florida, and other states with a median price increase of 4%.
A home with a purchase price of $300,000 today could be $312,000 in a year from now.
Keep in mind that price movements depend on the local housing demand and supply, and the access of mortgage financing.
Search homes at www.BetancourtRealEstateGroup.com/properties or call us (818) 384-5928 to discuss your options in the real estate market.
Source: HousingWire.com
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