Housing Wire

3 major things you need to know about the 2014 housing market

March 17, 2014 David Berson

The following list was put together by a veteran housing economist, asked by HousingWire for his opinion on the near-term future of the markets we cover daily. Here’s David Berson’s take on the 3 things you need to know about housing in 2014.

No. 1: 2014 should prove to be the strongest year for housing activity since before the Great Recession.

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Commentary from Bob Karp, Karp Properties:  It does look like an improving market for home sales in 2014.  However the Sierra Vista, Arizona area housing market continues to lag both the state and national markets.  Sierra Vista entered the housing “great recession” two years behind the rest of the country and is still under-performing improving markets such as Tucson and Phoenix Arizona. Month over month statistics have remained fairly consistent over the last 18 months with no big increases in sales and a slight decrease in the median sales price in the Cochise County area served by the Southeast Arizona Multiple Listing Service.  It is still a great time to purchase a home.  Talk to your local Realtor(r) to get more information.