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5 Types Of Buyers Will Be Rushing Into The Housing Market In 2013

By January 7, 2013No Comments

 WPB Junk Removal at Single Family Home by AWS

WPB Junk Removal at Single Family Home by AWS

With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013.

As Long as interest rates stay low, which seems like the most Reasonable Assumption, here is what will happen…

  • Investors: Investors and, yes, even flippers will continue to grow in numbers as they realize housing is the best risk-adjusted return on their money.
  • Boomerang buyers: Foreclosed homeowners, who are currently renting homes, will come back in droves. In Phoenix, they are paying $1,300 in rent for a home whose mortgage payment would be $1,000. That situation is not sustainable. The Federal Housing Administration and Department of Veterans Affairs have low down payment programs with insurance premiums that push rates near 5.0%. Those payments are still very affordable.
  • Entry-level buyers: First-time homeowners, who have been sitting on the sidelines waiting for a sign of the bottom, will hear about price increases in their desired neighborhood and rush to become homeowners.
  • Move-down buyers: Empty nesters and retirees, who have plenty of equity in their existing home, will buy a home that is more suitable to their current lifestyle, which may or may not include adult children as well as their aging parents.
  • Moveup buyers: The price appreciation that occurred in the last year has already lifted 1 million underwater homeowners above water with future price appreciation to lift them even more.

All good signs.

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Accelerated Waste Solutions is a family owned and operated junk removal business serving all of Palm Beach County & broward County,  and most surrounding Greater South Florida areas (including the Greater Ft. Lauderdale Area). We provide junk removal, trash removal, garbage removal, appliance removal, clutter removal, and…well, let’s just say that we will remove almost anything!

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