Are you going to get priced out of the housing market in 2013?

Some real-estate analysts are predicting that the nascent housing recovery could accelerate more quickly than expected in 2013, jacking up prices in some areas by double digits. Would an increase like that price you out of the market?
In this installment of Buying Advice, we'll look at the forecast for prices in the year ahead and examine how this outlook might affect your home search. We'll also check in with the latest housing data and get some advice on the best way to evaluate a condominium's association fees.
Can you afford to wait?
The housing recovery seems almost too new to pose much of a threat to affordability. But in some areas, it's chugging along a lot faster than in others, as demand pushes up against a dwindling supply of homes for sale.
J.P. Morgan last month revised its U.S. housing forecast upward, predicting an overall gain of 3% to 4% in home prices for 2013. In some markets, however, the pace of gains has already been dramatic enough to strain the budgets of many first-time buyers before the spring selling season even begins.


Ty Laffoon
Prime Mortgage Loans
619-630-0396