2014 Houston Real Estate

Happy 2014 everybody! We here at The Marconi Team are very excited about the coming year. Our team gained some very valuable and talented members in the later part of 2013, and we have set some aggressively achievable goals for 2014.

The real estate market is poised for some welcome, and not-so-welcome, changes in the coming year.  Home values are going to continue to rise, but so are interest rates. 2014 should be a good year for those looking to sell their home. The housing demand is on an upward climb as well. Meaning that home buyers will more than likely out number home sellers, creating a large demand for “for sale” homes.

Further, many experts agree that Millennials will be making quite an impact on the market in 2014. Having grown up in the housing market crash of the late 2000’s, many Millennials are hesitant to purchase real estate, instead preferring the less risky option of leasing. This is a generation who reached adulthood amidst an economic recession and were forced to move back in with Mom and Dad post-college graduation. They saw their parents and grandparents lose most of their investments, and probably knew at least one family displaced by foreclosure. They’re leery of long-term and large investments.

So far, it looks like anyone with an extra house they can sell or lease is going to be coming out on top this year. And The Marconi Team can assist you with either.

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