Sunday, April 20, 2025
64.7 F
Roseville

2014 Housing Market

As we look at the housing market for 2014, if there is one thing almost every pundit agrees with is higher interest rates. 

The Federal Reserve’s $85 billion bond-buying program has kept interest rates at or near record lows over the last few years, but the central bank will start tapering its purchases in January, a move that some experts say will cause mortgage rates to increase.  We will likely see mortgage rates move up in the coming months.

Prices of homes are commonly thought to increase in the coming year and most projections show a modest growth of 3 to 5 percent.  I have not seen any forecasts including any dramatic increases like we saw early last year.   

“I think it is safe to believe prices will be modestly higher this year than last.”

While buyers may have to pay a bit more and have larger mortgage payments they should have more inventory to choose from in 2014.  Low inventories last year often led to bidding wars which many potential homeowners lost to all cash investors.  We should see more houses come on the market this year which will make it easier for buyers to “get into contract.”

Some industry experts are predicting it will be easier to get a loan in 2014 as refinancing demand shrinks and lenders look for other sources of revenue.  This is one prediction I will have to see it happen.  Maybe too many years of restrictive lending practices by the big banks have me jaded?  I believe buyers will continue to struggle to get loans approved.

“Because of the higher interest rates, we are seeing predictions of a lower rate of homeownership.”

During the early 2000’s, homeownership was approximately 70 percent.  This year it could sink below 65 percent if the experts are right.

Finally, based on the buying frenzy we saw last year I believe there continues to be a pent-up demand for housing and there are many potential homeowners who were unsuccessful in finding and buying property.  They are still there, still want a house and have been watching the market carefully.  They will return this year as much more savvy buyers.



Coming Up!

Coming Up!

Trending

West Coast Sourdough in Roseville on Blue Oaks

West Coast Sourdough located in Roseville, CA offers the freshest sourdough bread and ingredients in each sandwich we create! We also have bread bowls, salads and freshly baked cookies each day! Come try the best sandwich shop in Roseville, CA today

Sierra College Foundation to establish Joshua Cohen Memorial Endowment Fund

Rocklin, Calif. - Sierra College Foundation (SCF) is humbled to announce it has received a $400,000 gift to establish the Joshua Cohen Memorial Endowment Fund to support Sierra College students pursuing degrees in computer science and related fields,

New Colfax Water Treatment Plant: PCWA approves construction contract

Auburn, Calif. - At a special meeting on Friday, the Placer County Water Agency (PCWA) Board of Directors approved a construction contract for the new Colfax Water Treatment Plant

Placer County Youth Commission accepting applications for 2025-26 term

Auburn, Calif. - The Placer County Youth Commission is now accepting applications from local youth who wish to serve as one of 21 formally appointed members for the 2025-26 term.

Can I still be healthy on Spring Break? 6 travel tips from a nutritionist

Sacramento, Calif.- After many weeks of rain and cold in the Sacramento area, it's finally time to start thinking about spring break travel!

Topics

West Coast Sourdough in Roseville on Blue Oaks

West Coast Sourdough located in Roseville, CA offers the freshest sourdough bread and ingredients in each sandwich we create! We also have bread bowls, salads and freshly baked cookies each day! Come try the best sandwich shop in Roseville, CA today

Sierra College Foundation to establish Joshua Cohen Memorial Endowment Fund

Rocklin, Calif. - Sierra College Foundation (SCF) is humbled to announce it has received a $400,000 gift to establish the Joshua Cohen Memorial Endowment Fund to support Sierra College students pursuing degrees in computer science and related fields,

New Colfax Water Treatment Plant: PCWA approves construction contract

Auburn, Calif. - At a special meeting on Friday, the Placer County Water Agency (PCWA) Board of Directors approved a construction contract for the new Colfax Water Treatment Plant

Placer County Youth Commission accepting applications for 2025-26 term

Auburn, Calif. - The Placer County Youth Commission is now accepting applications from local youth who wish to serve as one of 21 formally appointed members for the 2025-26 term.

Can I still be healthy on Spring Break? 6 travel tips from a nutritionist

Sacramento, Calif.- After many weeks of rain and cold in the Sacramento area, it's finally time to start thinking about spring break travel!

Human Genome Project: Personalize your health

Incredibly, years ago, the entire human genome was mapped! You might be thinking, "What is that, and how does it affect me?"

California Window Fashions by Skyline in Roseville

Transform the natural light in your Roseville home with window treatments. Discover Hunter Douglas shades and blinds, shutters and drapery.

2025 Genesis GV80 Coup arrives with dubious name

The new 2025 Genesis GV80 Coupe. The luxury division of Hyundai, Genesis officially categorizes the vehicle as a mid-size luxury SUV. Yet there's no denying the sloping roofline is reminiscent of a coupe

Related Articles

Local Spotlight

Making a Splash in Roseville at Steve Wallen Swim School

Roseville, Calif. - Steve Wallen Swim School in Roseville teaches swim lessons and water safety for infants, kids, and adults of all skill levels.

Stanford Ranch Family Dentistry in Rocklin serving the local community since 2000

Rocklin, Calif.- For nearly 25 years, Jason and Heather have grown their successful Stanford Ranch Family Dentistry practice by faithfully serving patients throughout the Rocklin, Roseville, and greater South Placer County region. Their business has grown to now employ over a dozen employees which helps them meet the growing demands of a successful local business.

Mobley Pest Services in Roseville serving the community and region for over 20 years

Roseville, Calif.- Fully licensed and bonded, Mobley Pest Services in Roseville has been providing reliable pest control services for well over 20 years. Serving residents and businesses in the greater Placer and Sacramento region, Mobley Pest Services is locally owned and operated in Roseville.