Brokerage: Sales, Prices Stronger in 2013

Real estate brokerage Redfin of Seattle says survey results indicate there will be strong consumer demand for homes starting in early Jan., and combined with low inventory should keep prices rising. According to originationnews, the number of people looking for a new home who expect the price to rise has more than doubled since the first quarter of the year. The Q4 survey shows 71 percent of the respondents believe prices will rise in the coming 12 months as opposed to 34 percent in Q1, 2012. Almost 60 percent say now is a good time to buy because the interest rates are low, the prime motivating factor to buy. MHProNews has learned the survey showed only five percent are concerned about the fiscal cliff and the possible loss of the mortgage interest deduction.

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