Home Buyers Should Have Easier Time This Spring

According to Zillow's blog and Zillow's latest Home Price Expectations Survey, home shoppers should have an easier time finding the home of their dreams this spring.  The survey consisted of over 100 economists, real estate experts, and investment and market strategists, who predicted that real estate investors would take a step back from buying up lower priced and foreclosed upon homes this spring.  

This will create less competition and more opportunities for home buyers.  Real estate investors are an important piece of any real estate market recovery.  However, once the market starts to rebound, their decreased participation may be another sign of the market's recovery.  

In regards to home appreciation, the survey participants said they expected home value appreciation of 4.5 percent through the end of this year.  This percentage would decrease by 2015 to 3.8 percent, then to 3.3 percent by 2018.  They also predicted home values could exceed their April 2007 peak by the first quarter of 2018.

 To read the full blog post, click here!  And as always please contact us with any questions or to assist you with any real estate transaction!

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