Real Estate in 2014 - How You Can Take Advantage



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Today I wanted to recap for you what happened in 2013, and why that makes me so hopeful about 2014.
  • The amount of money spent on real estate jumped by 21%
  • The total number of homes sold increased by 13%
  • The average sales price rose by 7%
With all this momentum driving the market in the first quarter of 2014, it looks to be a promising year as interest rates are still down. In fact, these interest rates are some of the lowest seen in nearly 200 years! To add to this news, inventory is also extremely low. A few of my clients have put their homes on the market and have managed to sell them even in these winter months.
  • If you want to sell, now is a great time because inventory is so low and demand is so high that market competition should not be much of an obstacle for you.
  • If you want to buy, it's also a good time to enter the market. Interest rates are at historic lows, but they are expected to rise, so the sooner you can buy, the better off you will find yourself.
Once again, thanks for watching, and I hope 2014 is another fantastic year for you. If you need any assistance at all, be sure to give me a call at (703) 629-9022 or email me at mark@soldbystock.com