Real Estate News

5 Real Estate Trends to Look For in 2013

Posted By The KCM Crew On December 27, 2012, www.kcmblog.com

 

Predicting trends during volatile economic times in American is no easy task. However, we are going to give it our best shot. We strongly believe these are the five real estate items we should keep an eye on in 2013:

Demand for Housing Will Continue to Surge

The housing market has turned the corner and there is no reason to believe that buyer demand will not maintain momentum throughout 2013. Household formations shot up to boom-time levels in 2012 and are projected to increase at even a faster rate over the next twelve months. A lack of inventory will be more of a challenge to sales increases than will a lack of demand.

Generations X and Y Will Prove They Believe in Homeownership

Contrary to what many have hypothesized over the last few years, young adults (18-35 year olds) are just as committed to homeownership as previous generations. Recent studies have shown:

  • 43% already own a home
  • 72% see homeownership as part of their personal American Dream
  • 93% of those currently renting plan to buy a home

This, along with the increase in household formations mentioned above, makes us believe that 2013 will be the year that many of these young adults will jump into homeownership.

Prices Will Continue to Increase

Pricing of any item is determined by supply and demand. Demand for housing will remain strong throughout 2013. At the same time, the supply of homes ready for is shrinking in many parts of the country. Outside of a few states that still have challenges with large inventories of distressed properties (NY, NJ, CT, IL for example), prices will appreciate nicely.

Even in the areas that are still dealing with high percentages of foreclosures and short sales, prices will not tumble dramatically. The increase in demand will absorb much of this inventory. In these areas, prices will either flatten or perhaps soften to a small degree.

Move-Up Sellers Will Return in Great Numbers

Perhaps what many will find as the biggest surprise of 2013 will be the return of the ‘move-up’ seller. Over the last several years negative equity has prevented many of these sellers from moving up to the house of their dreams. However, with prices recovering, more and more of these sellers will realize that now may be their greatest opportunity to make the move to a lifestyle they always wanted.

With home prices expected to increase and more stringent mortgage qualifications (QR and QRM) scheduled to be announced this year, we believe that the first half of the year will bring many of these sellers/buyers to the market.

The Consumer Will Demand That Their Agent Be an Expert

Real Estate professionals who have invested the money, time and energy to truly understand what is happening and why it is happening will separate themselves from their competition and do very well this year.

Those who take that next step of learning how to simply and effectively communicate the market to their clients will be seen as experts. These industry leaders will dominate their markets.

RAJ QSAR | CHRISTOPHER HOMES AT OLINDA RANCH |BREA CA

Christopher Homes at Olinda Ranch, an ideal location convenient to Orange & Los Angeles County’s world-class performing art centers, stadiums, universities & business complexes.  A new address where you’ll enjoy the renowned city of Brea, the acclaimed Brea-Olinda School District, Carbon Canyon Regional Park, Curtis Theatre, Brea Gallery, golf courses, entertainment, shopping & dining in and around Brea Mall & Birch Street Promenade.

Sweeping City Lights, Views of Catalina Island & Majestic Sunsets Define this Gorgeous Estate Home Located in Brea within the Exclusive Community of Olinda Ranch. This Christopher Home is Located On A Cul-d-Sac On A Pristine 8,500 sq. ft. Flat Lot.  This Residence Boasts Approx. 4,000 sq. ft. of Living Space with 4 Bedrooms + Office (Optional 5th Bedroom) + Bonus Room (Optional 6th Bedroom), 4 Full Bathrooms, Front & Rear Balconies and Downstairs Office Suite with Full Bath & Downstairs Bedroom with Full Bath.  Gourmet Chef’s Kitchen with Granite Slab Countertops, Professional Grade Appliances, Huge Center Island & Wood Plank Ceilings.  Beautiful Hard Wood Floors Throughout Downstairs & Upgraded Custom Carpet Upstairs.  Media Center Custom Cabinetry in Family Room, Cozy Fireplace & Custom Mantel Anchor This Space. Opulent Master Bedroom & Bathroom with Dual Vanities, Marble Countertops, Travertine Flooring, Jacuzzi Spa Tub & Dual Walk In-Closets. Custom Wood Shutters Throughout Home. Great Entertainers Backyard with Custom Designed Salt Water Pool & Spa, Outdoor Kitchen with Granite Countertops & Professional Appliances, Covered Patio with Heater & Outdoor Fireplace. Three Car Attached Garage with Custom Built-Ins.  Minutes Away From The Brea Mall, Fabulous Restaurants, Movies, Downtown Brea & Birch Street Promenade & Easy Freeway Access.  Do Not Miss This Opportunity To Live In This Community. Call Raj Today For A Private Showing.

 

Stop & think about this!

Stop & think about this! Friday December 16th, 2011 marked the 11th best day in the history of mortgage rates since the beginning of mortgage rates! Said another way, only 10 days of the last 29,200 days of mortgage interest rates have been better! Thinking about buying or doing a refi? This truly is history in the making!!  Give our team a call today and do not miss this opportunity!  www.RajQsar.com

South Coast Winery Resort & Spa To Host Grape Stomp & Blessing of The Vines

TEMECULA In a tradition that dates back centuries to European vineyards,two-time California Winery of the Year, South Coast WineryResort & Spa, invites everyone to squish a littleMerlot between their toes at the 7th annual Harvest CelebrationBlessing of the Wines and Grape Stomp.Their ceremony, steeped in tradition, is a fun-filled celebration for the whole family. There will be a special wine blessing officiated by Pastor Phil Hottsenpillar of the Yorba Linda Friends Church, followed by delectable,hot off-the-grill BBQ, along with award-winningwines. Take a tractor-pulled hay ride through the vineyards and dance the night away to the Bayou Brothers Band. Those who enter in the grape stomping contest can win from an assortment of fabulous prizes.

The South Coast WineryBlessing of the Wines and Grape Stomp will be held on Sunday, Sept. 25, from4 – 7 p.m. at the South Coast Winery Resort & Spain Temecula.Adult tickets are $55 dollars and kids 12 and under are $15 dollars. Reserve tickets at SouthCoastWinery.com or call(951) 587-9463. South Coast Winery Resort & Spa is located at 34843 Rancho California Road in the heart of Temecula’s Wine Country.

South Coast Winery Resort & Spa is a 38-acre destination property in the heart of Southern California Temecula Wine Country that produces award-winning wines.Since opening doors in 2003, South Coast Winery has garnered over 1,600 awards and medals in both regional and international competitions, and has been named Best Winery in California two years in a row. For the second year in a row, South Coast Winery’sVineyardRoseRestauranthas been awarded the prestigious Award of Excellence from Wine Spectator. This award recognizes select restaurants whose wine lists offer interesting selections, are appropriate to their cuisine, and appeal to a wide range of wine lovers.Additionally, Fodor’s, the leading name in travel information, has recognized South Coast Winery Resort & Spa as a 2011 Fodor’s Choice selection. This distinction designates South Coast Winery Resort & Spa as a leader in its field for service, quality, and value.