If you're looking to sell a home, 2014 will be a good year though probably not as good as the current one. But if you're looking to buy, 2014 will likely be a better year than 2013. These are just some of the expectations thatJonathan Miller, president and CEO of Miller Samuel, a real estate appraisal and consulting firm, shared with The Daily Ticker.
Take home prices, which have been rising at a rate of 10%-12% -- depending on which data you use, for example. Miller says home prices will rise half as much in 2014 because more supply will come on to the market. Inventory is now below the usual six-month average, credit remains tight and unemployment and underemployment will remain high even if they've declined over the past year.
"How can we have price growth that we didn't see in decades? It doesn't make any sense," Miller explains in the video above.
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