Grand Rapids, MI, June 28, 2014 --(PR.com
)-- In 2013, the housing market recovered significantly. Home sale prices rose by 12 percent in January 2014 compared to January 2013. At the same time, interest rates remained low at an annual average of just 3.98 percent. These conditions created unique opportunities for those looking to buy or sell a home, said Donna Tashjian with Keller Williams Realty East in Grand Rapids, MI.
“Today is a great time to buy or sell a home. Low mortgage interest rates are attracting more and more buyers into the market, yet the number of homes for sale remains low compared to demand. Low rates keep homes affordable, while supply-and-demand helps those selling a home get top dollar for it,” said Tashjian.
However in the first months of 2014, average mortgage rates increased slightly. Inventory is also likely to increase. More homeowners are expected to put their homes on the market, and homebuilders will begin construction on more than one million homes in 2014.
“These market conditions won’t last forever,” said Donna. “So if you are considering buying or selling a home, you should explore your options sooner rather than later.”
As a Certified Distressed Property Expert® (CDPE) and real estate agent, Donna Tashjian is committed to providing the most up-to-date information. “No matter what your situation has been over the last few years, chances are it’s changed. Many homeowners are shocked to learn how much equity they’ve gained back in their homes,” Donna said.
Donna Tashjian has provided a free report entitled “The Miracle Housing Market” which is accessible from her website, www.DonnaHelpsHomeowners.INFO