Kalamazoo Homes and Real Estate — What is the Outlook for 2013?

Picture of empty boxThe holiday décor is down; neighborhood kids are back in school; January’s social calendar looks amazingly clear (compared with the previous two months, anyway)… so, what now?  One suggestion I we might offer: put some serious thought into acting on those financial New Year’s resolutions – we are hear to help you with the ones dealing with your greater Kalamazoo real estate plans.

Many top real estate watchers and experts agree that 2013 is the year buyers and sellers are going to really get serious about real estate.

According to Money Magazine on CNN’s website, the housing market rebound is here. Among other sources, they site the Mortgage Bankers Association forecast that “more and more house hunters will start coming off the sidelines.” They expect total dollars going to new home loans to jump a heart-thumping 55%!

For five years, Portage and Kalamazoo homeowners weathered the storm of the credit crisis as well as could be expected; then came marked improvement in 2012.  Kalamazoo may have entered into the housing slowdown a bit earlier than some other cities, but it appears that Kalamazoo also is finding stability near the front of the pack too.   At last count, there were approximately 1.8 million homes for sale nationwide (half the number at the market’s deepest divot).

While no one expects real estate prices in Kalamazoo or anywhere else to see crazy red-hot double-digit increases in 2013, it is encouraging that it seems that the worst is in the rear-view mirror.  And with optimism about Kalamazoos residential real estate now broadening into general public awareness, we seem to be looking at a fresh arena for Kalamazoo homeowners who are finally able to consider selling again…and for buyers who should now take action since it seems we are past the bottom of the market.

The message to prospective Portage and greater Kalamazoo home buyers and sellers this January echoes the sentiment of Money magazine, which answered the question, “As a prospective home seller or buyer, you need to stop sitting on your hands!”

It is a great time to give us a call. We can start the conversation about your real estate goals and how current 2013 market opportunities fit them!  You can be sure that we will provide tools and advice that allow you to make the best decisions for you!  We will represent YOUR best interests.

We look forward to talking to you and working for you!

David and Jason Veenstra,  your Kalamazoo real estate experts.