5 housing trends winter 2014
The news is mixed for homebuyers and sellers
If you plan to buy a house this winter, we have good news for you. Buyers will face less competition and will likely find a greater number of homes available for sale.
Now the bad news: Mortgage rates will keep climbing in 2014. They won't necessarily spike overnight, but you may run out of time to grab the best mortgage rate if you wait too long. The size of your loan also may have to be adjusted after new rules and new loan limits go into effect this year.
Not sure this is the right time for you to buy a home? Maybe renting is a better option for you, but depending on where you live, expect rents to climb, as well.
Here are five housing trends you can expect to see this winter.