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Tina Lai
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HOUSING FORECAST: Sunny with chance of increasing prices

san gabriel valley housing forecast homes

The housing market forecast for the rest of this year? Steadily increasing home prices!

For many, this might be hard to believe. Following the housing market crash, homeowners have heard only bad news when it comes to real estate. For the last five or six years, the news has focused on diminished home prices, lost equity and foreclosures. After so long, many simply don’t believe that good news about the real estate market is possible.

However, in the last couple of years, the housing market has recovered dramatically. In 2013, home prices often increased by double-digit percentages in monthly year-over-year comparisons. In fact nationwide, prices increased by 10.9 percent in 2013 compared to 2012 .

While we are not seeing the double-digit growth we saw last year, so far 2014 has brought steady, consistent growth and will continue to do so. Most estimates expect prices to increase between three to five percent in 2014.

For homeowners, this is tremendous news. When the housing market crashed, many homeowners lost all equity in their home. For some, this meant they were underwater, or owed more on their mortgage than the property was worth. Others were forced to wait to sell their homes until the market improved. Today, these homeowners are finding that they again have equity.

What’s more, the market conditions driving prices up have also tilted the market in favor of sellers. Homeowners who have been waiting to sell are often shocked to learn just how much their homes are worth today.

Let’s take a look at the reasons why home prices are increasing, and why, if you are considering selling your home, you should consider selling sooner rather than later!

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Tina Lai

CA BRE# 01855640

tina@tinalai.com

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ReMax Premier Properties

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I just wanted to take a few minutes to thank you for helping us to purchase three investment properties over the last two years. You made everything SO easy and smooth for us. From day one, you made it your goal to help us find what we were looking... (more)

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Extremely pleased with Tina's realtor services, couldn't have found anyone better to help me buy my home. Tina is very detail oriented, super nice & patient, and an extraordinary professional. She always returns any call promptly. Tina knows the floor plans... (more)

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Tina Lai is the best realtor in the San Gabriel Valley. She knows what she is doing. She cares about her clients, which is very rare. My transaction was a very difficult one, but she made it happen. Tina is professional, knowledgeable, trustworthy and has... (more)

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