Bloomberg News: Housing issues to watch in 2013

Factors:

  • The Shadow Inventory is dwindling. Banks could increase foreclosed property sales where there are big backlogs
  • The Rising Prices could boost demand due to buyers now having a sense of urgency, which has been missing the last few years. Rising rents and rising home prices are beginning to change some attitudes about home purchase.
  • The overall housing inventory will probably hit a bottom. Builders and developers are ramping up new construction and with the prices beginning to rise in some areas, would be sellers are anxious to test the markets waters.
  • Loan underwriting along with credit standards are going to remain tight and the new regulations will help make underwriters more jittery    *Other Factors that can affect the market: Slow job growth, tight credit, elevated foreclosures and the high numbers of underwater homeowners have to be thrown into this mix.
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MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google