According to Realtor.com’s predictions for the national housing market in the new year, the market will see a rise in inventory to bring it in line with more normal levels. The beginning of 2013 was in many ways characterized as the “year of low inventory.”
Realtor.com reports that 10 million homeowners have less than 20 percent equity in their homes, but since prices are expected to continue rising in 2014, it predicts that more homeowners will be lifted into positive territory.
September marked the 36th straight month of declining foreclosure activity on an annual basis, according to Realtor.com; this movement is expected to continue in 2014.
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