According to predictions by In Money magazine, housing price gains are expected to be about half as strong as they were in 2013. CoreLogic Case-Shiller is forecasting a 6.8% rise in the median home value for 2014. This is good news for a sustainable market recovery, as it will elicit a better balance between buyers and sellers - inviting just enough sellers onto the market, but not too many. Inventory is already improving, and should continue to improve although we still have some ground to cover before reaching historical norms. The improving market also means fewer distressed homes, which is expected to lessen investor activity nationwide.
To stay on the cutting edge of market activity and make the right decisions as a buyer, seller, or owner, click the link below to find out what CNN Money suggests you do to stay sharp in today's housing market: