Vero Beach housing is expected to see slower rates of growth this year compared to 2013. The double-digit gains in home prices we saw in 2013 are expected to slow to a more realistic 2-4 percent. We also expect to see more inventory of homes coming on the market in 2014. Many sellers who were stuck in their homes when they owed more than the home was worth, will now be looking to sell and move to a different home.
Real estate expert Brendon DeSimone discussed the overall housing market recently on Bloomberg Surveillance, and here's what he had to say…
The spring Vero Beach housing market is just around the corner. And if the latest price and sales numbers are any indicator, this spring is likely to see another big jump in prices, driven in large part by the long-standing shortage of listings.
Take a look at what happened in December, usually the dead zone of the annual Vero Beach housing cycle. Instead, Vero Beach housing was up in December from November, and although experts like DeSimone think things will slow down this year, so far, it's not really happening quite like he's seeing in our market.
We'll keep you informed on Vero Beach housing and how the economy is affecting our market right here at our website. Stay tuned!
