Year 2012 had been a very tough yet prosperous year for the Multiple Income Streams University. Being the premier source for teaching students how to make money in judgments, short sales and modifications were our great roles in the real estate market. For the whole year, we have taught our most effective wealth principles to our students and were able to successfully hit our targets and prospects. Our specializations would never go out of date even if 2013 is fast approaching.
The year to come excites us, to think that it will surely be another year of stunning events full of innovative concepts in real estate. However, it is quite a pleasure to tell you what the real estate news for the year 2013 is.
Real Estate News: Your Expectations
Paying attention to the latest and future trends is a very smart decision you could ever make. On the other hand, disregarding this matter can be a huge mistake especially if you are in investing. So, here’s an overview of the things you should expect for 2013.
- 2013 will be an outstanding year for an increase in home prices. A survey done by nearly 40 of the country’s leading real estate economists and analysts says that the industry of the real estate will continue to improve including the capital markets. Over all, home prices are expected to stop declining in 2012, and begin to realize modest gains in 2013 and 2014 of about 2% and 3.5%, respectively. Meanwhile, apartment vacancy rates will remain stable and hotel occupancy will increase. Rental properties, for all types, are expected to increase from about 1% to as much as 5%, depending on landlords and types of property.
- Starting from 2013, the gross domestic product shall project a strong upturn increasing from 2.5% in the last year through 3% in 2013. Because of this rise in value, the national unemployment rate is most likely to decrease from 8% to 7%. This makes sense in a way that it is a duty of a tenant to pay for his bills in rent. We have also forecasted that, as the number of jobs increase from about 2 million in 2012 to approximately 2.5 million in 2013, topping out at 2.75 million in 2014. But, expectations for higher inflation and rising interest rates belong to the negative trends that we expect. These things will be blowing impacts on the real estate market’s home prices, along with the mortgage costs incurred by most home buyers. In addition, by 2013, inflation may be as high as 3%, and the cost of borrowing is likely to be in the range of 4%.
In general, 2013 is expected to gain more rather than to lose despite the negative trends approaching along with this coming year. Our confidence in the real estate market and the forecasts we make is much reliable as we work on improving the industry itself here in Colorado with the Multiple Income Streams University.