2013 Trends in Real Estate
By Bob Preston
Southern coastal California, including North County San Diego, is a “green light” for overall real estate prospects in 2013 according to a new report from PWC and the Urban Land Institute, Emerging Trends in Real Estate 2013. The report, suggesting modest gains across U.S markets from coast to coast, states prospects are good this year for leasing, rents, and pricing in all property sectors. Citing interest rates as “the biggest risk”, low-growth economic forecasts will likely keep rates at unprecedented low levels at least through 2015. Such low interest rates continue to be a boon for real estate, providing attractive financing for borrowers with good credit, turning properties into a more compelling investment relative to fixed-income vehicles.
It certainly appears that marginal improvements in the real estate market in 2013 set the course for better days ahead!