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VIDEO: What Can We Expect for the Grand Strand Real Estate Market in 2014?

What Are the 5 Things You Can Predict about 2014?

Welcome back and happy new year! 2014 is here and you may be wondering what’s going to happen with the real estate market. Well, I wanted to give you five predictions for this coming year about what we expect to happen.

1. Inventory will continue to rise – Now as you recall in a lot of my past videos we talked about a low supply, over the past couple months. However, inventory has started to finally increase.

2. Builders are scrambling – 2014 will be a huge year for new development.

3. Short sales will be gone – By the end of 2014 the thought of short sale will have disappeared. More and more people are working with their bank and staying in their property.

4. Mortgage applications will rise – We have seen lenders loosened up a bit, which is in the buyer’s advantage.

5. Home prices will continue with modest gains – We are looking at about a 3% appreciation over 2014.

The biggest thing about 2014 will be all of the new developments. This adds more competition for sellers.

If you have any questions about your property specifically, give me a call.