I wrote last month that I believe we are transitioning into a sellers market, and are at the beginning of a 7-10 year upswing in Real Estate. Well, last week I was fortunate enough to met with Dr. Lawrence Yun, Chief Economist for the National Association of Realtors. Dr. Yun shared a lot of statistical data which supports my position. I will not bore you with detailed statistical analysis, but I do want to share a few key points that will help you when the right time to move is for you.Pending home sales is currently at a 5 year high, and are on track to sell just under 5 million homes in 2013. That number is projected to increase to 5.3M and 5.7M over the next two years. Combine that with new home building at a 50 year low, and pent up buyer demand, and you have yourself a recipe for increased values. In our area, it I expected for home valued to increase 13% by the end of 2014. That’s good news, right?If you actually would like in depth detail on all of Dr. Yun’s analysis, send me an email and I will share a link to his presentation.I hope you find this information helpful. My goal is to provide you with the most up-to-date information available so that you can be as informed as you possibly can.
Author:Brian Kwilosz Phone: 630-701-0397 Dated: January 20th 2014 Views: 521 About Brian: Brian Kwilosz has been a resident of the Chicagoland area for over 20 years. After graduating from G...
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