2013 With a BANG!

OMG!  If I hear 'Fiscal Cliff' one more time....

However, there was a lot going on with that, so much more then I think we will ever know.  What this country needs is new voices in the House and Senate, and in both parties.  Too bad it won't happen until folks are voted out or retire.  I heard an interesting side note the other day, something like 75% of the House and Senate members are in bulletproof districts.  Meaning the liklihood of getting voted out are slim to none.  So as a country we are fighting for 25% of the voices in Government?  Sad.

2013 Real Estate

Reduced inventory has spurred a bit of a sellers market.  There is no better time then the present to list and sell your home.  Why you ask? 

Few factors:

1.  Prices are still lower than the peak of 2006-07 and are only going up over the next 12+ months.

2.  Rates remain low.  As of today the 30 year fixed rate is 3.375% with a APR of 3.549%

3.  Rents continue to rise, as lack of rental inventory has pushed rents up.


Look for a strong start to the housing market, as consumer confidence is higher now for the sector then in the years past.  With the rising cost of Assisted Care Living, I see less "grandma" houses on the market and more move up buyers in the future.  All the buyers from the Tax Credit buying frenzy are looking to exchange those first time buyer houses to their family home.

Also, look for a big rebound in the high end market, $500k and more, as rates stay down and more of that inventory will be available.

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