Is 2013 the year you will be buying a home? In 2012 there were marked gains and the housing experts are expecting the market to continue to gain momentum in the new year. Here are two housing issues that the Wall Street Journal recently said to watch out for in 2013:

1. Inventories to rise: To meet the increased demand, home builders are increasing production and more sellers may be more willing to test the market as housing prices increase.
Home prices spur demand: More buyers have urgency with home purchases as rents rise, housing values gain momentum, and mortgage rates remain low.

2. A broader economy will dictate how far recovery goes: If unemployment decreases, the economy improves- with an improved economy many of the housing market challenges, such as tight credit, underwater home owners and an increased rate of foreclosures, will likely fade. An improved economy, means more potential homeowners will be looking to purchase a home in the new year.

As the new year begins, the housing market is expected to become stronger. If you are thinking about buying or selling this year, now is the time to contact your realtor for tips to be a strong buyer or seller. Please contact me with any questions you may have about buying or selling in 2013.