Tuesday, November 12, 2013

Chief Economist Yun, From NAR, Suggests Expectations For 2014 Housing

National Association of Realtors has, of course, a chief economist. A good guy, Lawrence Yun, I like to read what he has to say and usually I agree with him.

Again today, I agree with Mr. Yun.

He expects existing home sales to be up about 10%. He said that this year price increases should end about 11% higher that last year and yet he expects 2014 to be only about 6% appreciation.

Many Americans will be in a good position to purchase a home in 2014 in many areas. However we are still a bit low based upon the last 40 years of monitoring.

Mr. Yun feels the top 10 markets for a housing turn next year are:

Salt Lake City Utah, Naples and Tampa in Florida, Atlanta Georgia, Boise Idaho, Houston Texas, Charlotte North Carolina, Denver Colorado, Seattle Washington, and Tuscon Arizona.

He didn't touch on Southern California....but I think we can all agree that we have seriously rebounded already!

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