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Here’s Why 2013 Will Be a Great Year to Buy or Sell a Home

There is enough critical mass and demand across these four demographics to create movement in both the home buying and selling markets.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward

So maybe I’m a little bit like Dicky Fox from the movie Jerry Maguire: “I love the mornings! I clap my hands every morning and say, 'This is gonna be a great day!'”

And I can’t help but think that 2013 holds the same promise.

There are all kinds of statistics indicating real estate is making a steady comeback.

  • Home sales are at the highest level since November 2009.
  • On a year-over-year basis, pending home sales have risen for 19 consecutive months.
  • Sales of new homes rose 4.4% in November to a two-and-a-half-year high.

Certainly 2013 will have its challenges – there’s the fiscal cliff drama, employment rates, European markets, etc. And since the bust of 2008 uncertainties have caused people to hunker down and making do. Now the question is this: will today’s uncertainties be enough to hold back the tide of people that have been waiting to buy or sell a home?

I believe there is enough critical mass and demand across these four groups to create movement in both the home buying and selling markets:

  • Boomers who are looking to downsize or relocate.
  • Millennials living with Mom and Dad who want to move out.
  • Renters who are ready to become first-time homebuyers.
  • Homeowners/families that are ready to upgrade to a bigger home.

I think people are bursting at the seams to get moving, and there is finally enough market momentum to break down the walls of uncertainty that have been holding people back.

On January 1st I said ‘This is gonna be a great year!’ What do you think? Are you going to wait for change, or are you ready to readjust the sails and move forward?

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Steve McKenna January 04, 2013 at 07:05 PM
Hey Menotomy, thanks for your feedback! However, not sure if you've read some of our other posts on the Patch? We often cover the Arlington real estate market specifically, but we also cover broader topics as well. As I'm sure you know, real estate is influenced by both local and national trends. btw, we also talk about leaf blowers, super markets, pink bathrooms and other things that may be directly or indirectly related to Arlington real estate :)
Menotomy January 05, 2013 at 12:41 AM
HI Steve! The point I was (clumsily) trying to make is that people come to AP for news and info that's particular to Arlington. As I'm sure you know, generalized stories about the real estate market at large aren't what people come here for any more than we would for national restaurant trends, stories about the US economy, etc. We already have several sources for that: Times, Globe, Post, Fox News, MSNBC, and so forth. What makes AP valuable is what those don't have, right? If this site starts getting cluttered with non-Arlington news then it'll lose alot of value for readers. Despite! All! The! Exclamation! Points!!!!!! :) Moreover, why should AP be allowing someone with a very strong vested interest in the housing market being pumped up (i.e. you) to write its real estate columns and forego any type of objective reporting? Sorry...Objective! Reporting!
Steve McKenna January 05, 2013 at 01:34 PM
Menotomy, thanks for your comments - I appreciate your input. In the meantime, if you would like to discuss further, please feel free to call me. I would enjoy the opportunity to meet with you and continue the discussion. Thanks!
Hill Road January 05, 2013 at 04:15 PM
The comments by Menotomy are spot on! But it is always good to have local contributions to all news categories, even if there is an obvious bias. :) It would be helpful to see the statistics (sales, categories of buyer types, inventory, etc.) for Arlington. This area of Greater Boston does not follow the same trend and rules as the rest of the country simply because inventory is lower. Not many places are for sale, relatively. Markets are flooded still in other areas of the US and real estate stays on the market for 100's of days. How low are prices in Arlington, compared to the 2006 prices? What do you think will happen to home values when, inevitably, interest rates rise? Sadly, we are at the mercy of lawmakers not true free market principles. Laws (Barney Frank legislation) got us into this bubble crisis across the country. The Fed is holding rates low, while printing money, which is worrisome. Investors of all types are justified in cautious investing. All that being said, I look forward to buying another home when I feel I am ready to make the commitment! Thanks all, happy new year! Looking forward to a wonderful 2013.
Shannon January 06, 2013 at 07:02 PM
Perhaps this article had plenty of valuable information for those looking to****GASP*** move out of Arlington?? I enjoyed it; Thanks, Steve!

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