Heres Why The Rest Of 2014 Will Be Rough For Housing

Dated: April 15 2014

Views: 341

The next couple of quarters may be rough going for the housing and finance industry.

Housing prices and mortgage activity will stay highly sensitive to the Federal Reserve interest rate policy and guidance because of a weak job market, affordability challenges and the declining pool of first-time homebuyers.

Worse still, home price appreciation may level off and even dip into negative territory by the third quarter of 2014.
"Housing price appreciation (is) already on the decline, with only six cities in the Case-Shiller index showing strength in recent indexing – Dallas, Las Vegas, Miami, San Francisco, Tampa, and Washington,” says Tom Showalter, chief analytics officer at Digital Risk, which handles $8 billion in loan volume monthly. “Moreover, while home prices have increased, at least 25% of all homes are still under water." Read More Here...
cb
Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

What Fixes Are Mandatory After A Home Inspection

If you’re selling your home, you might wonder if there are common repairs needed after a home inspection. Most buyers, after all, won’t commit to purchasing a place until there’s been a

Read More

3 Ways To Extend Your Outdoor Living Season

Light the Deck or PatioThe sun sets sooner on your outdoor living space in the fall, but that shouldn’t limit the hours you use your deck or patio. Adding low-voltage or solar outdoor lighting

Read More

Pros And Cons Of Buying A House With Cash

In today's low-inventory housing market, homebuyers are looking for any way to get a leg up on the competition when putting in an offer on their desired home.If you have the means, an all-cash offer

Read More

4 Factors Other Than Money For A Seller To Consider

Are you selling your home and reviewing several offers? Congratulations! You’re well on your way to getting as much as possible out of what is likely your largest asset.But when it comes to

Read More