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Real estate prices rising, now’s the perfect time

Real Estate Blogs

Updated on Mar 19, 2013

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2013 might be the perfect chance to buy or sell a home before it rises any higher.

How is this advantageous for everyone? For buyers, this can be observed as a low in the market, and a good opportunity to own a home while it’s still relatively cheap. For sellers, the demand is increasing because of the lower prices, so this is a good opportunity for those who don’t want to own their home anymore, like wanting to move to a more affordable home or somewhere else.

Demand for housing is going up while price increases from 7% to something as high as 18%. From February 2012 to March 2013, single-family homes valued at $300,000 reached the $400,000 threshold. San Diego real estate prices haven’t reached this level in two years.

Expert’s outlook for the real estate market is positive, they forecast that the double digits might just be temporary and should average 7 or 8% sometime in the future.

Meanwhile, there’s an increasing concern that while demand is going up, supply of available housing is going down. This could attract attention from possible developers, creating more homes and driving supply up.
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