Corona CA Housing Market Predictions for 2013

By
Real Estate Broker with Eastvale Team Realty & Property Mgmt BRE #01230211
http://actvra.in/PGf

 

Corona CA Housing Market Predictions for 2013

 

I am not a fortune teller. But with all the available data provided by NAR and CAR, I am able to predict what is going to happen in 2013. So here it goes, 5 simple predictions for 2013.

 

1. As interest rates rise...so will your monthly payments. Purchase NOW in order to get lower payments on your mortgage payments. Check out below how much your monthly is increased by every .25 rate increase.

 

 

 

 

2. Mortgage rates are on the move upward. As the economy improves and unemployment decreases, the demand for credit will most likely increase, which in turn will increase mortgage rates. So why wait? Purchase now. The sooner you act, the more money you will save in the long run.

 

 

 

 

3. There is going to be an increase in the number of new household formations. More first time buyers will be in the market during 2013. As the economy improves, young adults will be leaving the comfort of their parent's and relative's homes to start growing their own roots. The fact that housing market trends indicate that home prices are inching upwards, only gives first time buyers the urgency to act quickly.

 

 

 

4. We are seeing more move up buyers jump into the market. Investors and homeowners are seeing the benefit of purchasing move up properties. The sooner they jump in, the more money they will be able to save on monthly payments and the more equity appreciation on their property they will have.

 

 

 

 

5. Home prices are expected to increase throughout 2013. Demand is still high and inventory is at an all time low which only translates to increased home prices. We are expecting first time buyers, new household formations, investors and hedge funds fighting for the same homes that become available for sale during 2013.

 

 

 

So as you can see, it doesn't take a fortune teller to predict some of the housing market predictions for 2013.

 

In summary of my 5 predictions for 2013, I predict that due to greater demand coming from first time buyers, more move up buyers and new household formations, the price of homes will steadily increase throughout 2013. As the inventory decreases and the economy improves, interest rates will continue to increase. But over all my top prediction is if you act now instead of later, you will save money on your monthly mortgage payments.

 

To see how much money you can save if you purchase a house in Corona CA, click here to see the home prices.

 

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Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. Rebecca Gaujot, Realtor® 01/22/2013 10:18 AM
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Topic:
Real Estate General Information
Location:
California Riverside County
Groups:
Southern California Real Estate Forum
City & State: Listings and Market Reports
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Posts to Localism
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Tags:
corona realtor
corona homes for sale
corona home predictions

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Rainmaker
1,319,565
Rebecca Gaujot, Realtor®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

Hi Sarah and Les, in some areas of the country the price of homes are increasing...I believe it will happen in my area but not too soon. Suggested and reblogged.

January 22, 2013 10:20 AM
Rainmaker
383,492
Sarah & Lester Oswald
Broker, Realtor, CDPE, CIAS, SFR , Investor
Eastvale Team Realty & Property Mgmt

Rebecca - thanks for the reblog. 2013 is going to be a hot market for many parts of the country.

January 22, 2013 10:41 AM
Rainmaker
1,194,936
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Sarah & Les - Our home prices have been increasing since last year and I definitely think it's going to continue in 2013 along with a lot of other cities throughout our country.

January 22, 2013 10:48 AM
Rainmaker
383,492
Sarah & Lester Oswald
Broker, Realtor, CDPE, CIAS, SFR , Investor
Eastvale Team Realty & Property Mgmt

Michelle - we are seeing 5% increase in home values in Southern California month to month changes.

January 22, 2013 11:57 AM
Anonymous
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Rainmaker
383,492

Sarah & Lester Oswald

Broker, Realtor, CDPE, CIAS, SFR , Investor
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Additional Information

Sarah Oswald - Real Estate Agent