2014 is projected to be another good year, with modest (single digit) price increases expected. Interest rates are projected to rise slightly to around 5%. A conventional 30 year fixed rate mortgage is currently around 4.5%. Inventory level is expected to rise slightly – it’s been at an eleven year low – as more sellers come into the market. If you’re thinking of selling, this could be your year to make a move. Now would be the perfect time to start discussions with your agent if you’re thinking of selling in the spring.
As always, let me know if I can be of assistance. Stay warm!