2014 Housing Market Predictors – What To Watch For

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2014 Housing Market Predictors – What To Watch For

Downtown Denver Skyline The pace of the housing recovery picked up speed in 2013, and by year’s end activity spread to encompass previously quiet segments of the market including the luxury, new construction, and even raw land segments. Based on the last two years, current events, and a large majority of credible economic advisors, Denver and most of the nation is positioned to enjoy a healthy foreseeable future. Here are some elements that will affect the national housing market in 2014.

  • Interest rates climbing to 5%
  • Prices appreciating 4% – 20%  (in a few areas)
  • More inventory available to buy
  • Increased new housing starts (meeting demand)
  • Affordability remains high in most areas
  • Tighter lending standards (but more options to borrow)
  • A much smaller percentage of underwater homeowners

Screen Shot 2014-01-23 at 11.52.22 AM To learn more about Colorado real estate visit ColoradoMicroReports.com. The Colorado Real Estate market performs quite differently than the national average. Even in an area the size of metro Denver, market trends can vary dramatically from neighborhood to neighborhood. When you are contemplating a large financial commitment such as the purchase or sale of a home, your neighborhood’s micro-market data can make a big difference in your financial decisions. Fuller Sotheby’s International Realty compiles quarterly and year-end reports of micro-market statistics to help you make better real estate decisions where it matters to you. Micro market statistics are now available for BoulderDenver MetroEvergreenGolden, and the Vail Valley. If your community is not listed, or if you’re unsure what the data means for your transaction, simply contact one of our local Broker Associates —they will be happy to pull a report for you and help you interpret the results.

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