Monday, February 3, 2014

Market Values Up at Pruneyard Dry Creek, Tighter Housing Demand Ahead




Income growth in slow recovery, suggesting student loan debt loads will have an impact on purchase power of younger house-buyers.
Retiring boomers may be selling into tighter demand as house prices reflate at a slower rate, given trend toward higher mortgage rates on the horizon.



"Given the relative weakness of first-time home buyers in the market and the rise of issues like student loan debt (including rising delinquency rates), it is clear that income growth will be key metric for the future of new and existing home sales. Nonetheless, the future of home building and home sales is positive for 2014, but additional gains in median incomes for key housing demand classes will build on the recovery that has taken hold over the past two years."  Read more here.

Pruneyard Dry Creek: Average Sales Price (3-year)