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Bryon Self - Denver Rent to Own

Your Denver Area Rent to Own Specialist

By Bryon Self | Agent in Castle Rock, CO

Optimistic Housing Market Outlook for 2013 Hinges on Home Prices

For real estate and mortgage professionals, 2012 will always be remembered as the first year that ended in a positive note since 2006, at least with regard to home prices. As the housing market heads into 2013, home buyers and sellers are mostly optimistic because they don’t have too much to worry about, at least not on the surface. Gone are the concerns about reaching a bottom in terms of home prices, and there is no short-term incentive like the First Time Home Buyer’s Tax Credit to think about. 

Positive Signs

As recently reported on the Wall Street Journal, the large inventories of available homes are now a bygone concern. Home builders are stepping up new construction projects, mortgage interest rates are low, and the home affordability index is still encouraging, albeit beginning to step down. Vacancy rates are also falling, and the steady climb of rental prices may motivate some renters to become purchasers. 

Some investors are still hoping for the shadow market of distressed properties to liberate some rock-bottom deals to take advantage of, but they can’t wait forever. As competition heats up and the shadow market continues its inactivity, investors may move away from the red-hot markets like Miami and Phoenix into other populous opportunities like Chicago. Source the Niche Report

For more information on buying or selling homes in Denver, CO or for rent to own Denver homes, call 303.990.9320 or visit the websites at www.MyDenverHomeAgent.com or www.RentToOwnDenverHomes.com. 

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