Strong property demand expected in 2013

Property values hit bottom earlier this year, and have recently seen many consecutive months of gains.Houston real estate was resilient following the housing market collapse, but conditions throughout the rest of the country remain uncertain. However, as the national market finds its footing, housing could experience a notable boost in 2013.Property values hit bottom earlier this year, and have recently seen many consecutive months of gains, the Wall Street Journal reports. However, as the housing supply catches up with demand, there is a sense of urgency among buyers.”Every single thing about housing is flashing green,” J.P Morgan Chase chief executive James Dimon recently told CNBC. “Household formation is rising, inventory is falling, and affordability is near a record high.”Meanwhile, rising prices could prompt even more homeowners to list their properties on the market in the near future, the report said.According to data from the Houston Association of Realtors, the number of homes on the Houston market recently reached the lowest level in nearly a decade. While some buyers could find themselves with limited options, a number of local developers have recognized this void and are looking to fill it.? Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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