Real Estate Trends for 2013

Are you unsure of whether to step into the real estate world and buy a property this year? If yes, then you need to have an idea of the real estate trends for 2013. In 2012, the industry enjoyed a constant rise, and in 2013, the industry started from where it had left. The market trends are indicative of the customer behavior, and offer you accurate and thorough facts to base your decision on. Before getting the ball rolling, you need to be conversant with the real estate trends for the months to come.

Low Interest Rates Make it Easier to Buy a Property
If you are considering buying residential real estate, then this is the best time to do so. With interest rates at an all time low, you can enjoy a peace of mind beyond measure by buying the property. With a mortgage rate of 3.42%, you can sit back and enjoy after buying the property. If you think the mortgage rates will increase considerably this year, then you need to research a bit more. According to the financial experts including brokers and bankers, the rate would not go beyond 4-4.5% for this year, making this the ideal time for you to capitalize on the low interest and mortgage rates.

Decrease in Foreclosure Inventory Can Help the Buyers
If you are intending to buy a home, then the decrease in the foreclosure inventory can help you big time. Since most of the homeowners are slipping themselves into foreclosure, because of being behind on payment, the real estate offers plenty of ideal deals for you to capitalize on. With the foreclosure, the prices of the properties have decreased considerably. The National Housing Data indicates that in the coming days, the prices are going to rise because of the stability in the market.

Furthermore, for 2013, foreclosures are set to decline to 3.5-4.00%. It indicates that current distressed properties around the states make for an ideal time for the homebuyers to buy a property at less than market price, but with the decrease in foreclosure expected, the prices are going to rise again.

Do Not Miss Out On the Rise in Price Index
The Home Price Index (HPI) measures the property prices, which are all set to rise in the coming days. According to Federal Housing Authority, the prices of both domestic and commercial properties are going to rise for the rest of the year. Though, the worldwide economic instability can be a hindrance towards you buying the property, yet still, despite of being cautious, such real estate trends may be hard to come by again. Considering the mentioned benefits, it would be wise enough to invest in the real estate, at this point of time, when hefty returns are there for the taking.

If you are in Texas and in the Dallas area, look at these homes for sale in Dallas.