|By PR Newswire||
|April 11, 2014 12:00 AM EDT||
SAN DIEGO, April 11, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Loan Love continues to help loan borrowers discover new ways to saving money on their loans with a brand new guide to understanding real estate trends in 2014.
The article, titled "Home Buying Trends In 2014" seeks to resolve what many loan borrowers are unsure of what to expect with 2014 rolling in. To name a few, the article mentions tighter loan requirements, fewer foreclosures, and a growing inventory for mortgage loans as prime examples of mortgage trends loan borrowers will be experiencing in the mortgage world. The article tells readers that before shopping for a loan borrowers should be more careful about making an informed decision when closing their purchases with all the changes that 2014 is experiencing. The Loan Love article exclaims:
"While tighter supplies in early 2013 saw prices escalate, don't expect to see a repeat of an inventory shortage this year. Greater inventory will be due to two factors:
- new construction;
- and the attraction of rising prices bringing more sellers to the market.
Expect inventory to gravitate toward more traditional levels, easing the lack of supply to meet demand. This is primarily good news for home buyers."
Loan borrowers can also expect to see changes in the housing market scene for the lower-cost value metro areas, from cities such at Seattle to Portland. While new home sales are still making a recovery, experts predict that sales on homes will remain constant to last year's levels at around 5.1 million units. More over, loan borrowers can expect to see interest rates climb. An excerpt from the article states:
"Interest rates are expected to rise throughout 2014, with some predicting it will reach 5 percent by the close of the year. Keep in mind, however, that mortgage rates in the 5 percent range are still considered very low. Prior to 2008, when the Fed made the decision to buy $85 billion in debt each month, the three-year average interest rate was a whopping 9.2 percent, never dipping under 5.8 percent."
With this in mind, Loan Love article gives loan borrowers a recap of what to expect in 2014: "Buyers looking to purchase in 2014 will find fewer investors to compete with than during the height of the housing market bust. Increased inventory, fewer foreclosures and higher prices will make the market less appealing to investors, paving the way for the average home buyer to turn a deal. Most experts agree that growing inventory and fewer investors will make for a more typical housing market and buying process than was seen in 2013."
To learn more of the upcoming real estate trends of 2014, please visit LoanLove.com for the complete article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
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