We thought these ten predictions for housing in 2013 to be spot on.  While Lamorinda hasn’t been hit with the short sales and foreclosures like other places in the U.S., buyer confidence is definitely up andLamorinda inventory has been almost non-existant for several months. 

 “The new year could be the best year in real estate in years, but the housing recovery still remains fragile and challenges remain”, says Dave Liniger, RE/MAX co-founder and chairman.

Liniger recently offered up some of his predictions for the new year:

1. More buyers and sellers return to the housing market.
2. Home sales increase 6-7 percent while home prices increase 3-4 percent.
3. Inventory of for-sale homes will hit bottom.
4. Higher-priced listings begin to sell more.
5. The number of distressed properties continues to drop.
6. The shadow inventory continues to fall.
7. Short sales rise, reaching a peak.
8. Mortgage rates rise slightly by year’s end from record lows.
9. Lending remains constrained for home buyers.
10. Home affordability remains at record highs.

Source: http://www.remax.com/c/about/news_article/top-10-predictions-for-housing-in-2013-re-max-co-founder-sees-2013-as-the-b