Neil Sweren's Interesting Points

Consumers Optimistic About 2014 Real Estate Market, More Committed to Buying or Selling This Year

78% of consumers surveyed are optimistic about the Real Estate market in 2014 according to Prudential Real Estate’s Q4 Consumer Outlook Survey. That’s a 5 point increase from the previous quarter and a 15 point jump from just one year ago.

“Consumers understand that the U.S. economy and residential real estate continue moving in positive directions,” said Earl Lee, CEO of HSF Affiliates LLC. “Accordingly, they’re feeling much better about their personal situations and want to take advantage of attractive home prices in many markets and interest rates that remain low by historical standards.”

Normalcy Returning

Lee says normalcy is returning to the market. People are looking to buy for the right reasons… “to gain shelter and security, raise a family and generate long-term wealth.”

See the inforgraphic illustrating the survey findings below and read the full press release here http://bit.ly/1kNYxZH

Things are looking up. 2014 brings optimism about the real estate market.

Filed under: Economy, Mortgage, Real Estate |