Housing market appears strong in 2013 - WTVM.com-Columbus, GA News Weather & Sports

Housing market appears strong in 2013

Posted: Updated:
JR Towne goes over home sales statistics. JR Towne goes over home sales statistics.
  • NEWSMore>>

  • Opelika veteran receives Medal of Honor

    Opelika veteran receives Medal of Honor

    Tuesday, September 16 2014 5:47 AM EDT2014-09-16 09:47:07 GMT
    On Monday afternoon, a local veteran received an important military honor. President Obama  awarded retired Army Command Sergeant Major Bennie Adkins in Opelika with the Medal of Honor at the White
    More >>
    On Monday afternoon, a local veteran received an important military honor. President Obama  awarded retired Army Command Sergeant Major Bennie Adkins in Opelika with the Medal of Honor at the White House.
    More >>
  • Improving the White Water Classic

    Improving the White Water Classic

    Tuesday, September 16 2014 5:35 AM EDT2014-09-16 09:35:06 GMT
    Now that Tuskeegee and Albany State have faced off in the first ever White Water Classic football game, Phenix City leaders evaluate the weekend's events and discuss ways to improve it in the future. NewsMore >>
    Now that Tuskeegee and Albany State have faced off in the first ever White Water Classic football game, Phenix City leaders evaluate the weekend's events and discuss ways to improve it in the future. News Leader 9's Tyrone McCoy has some of those ideas.More >>
  • Operation D.R.I.V.E. on I-85 promotes safe driving habits

    Operation D.R.I.V.E. on I-85 promotes safe driving habits

    Tuesday, September 16 2014 5:33 AM EDT2014-09-16 09:33:06 GMT
    Operation D.R.I.V.E. is a multi-state patrol on Interstate 85 which keeps an eye on unsafe driving behaviors among commercial vehicle drivers like those texting, following too closely or driving fatigued.More >>
    Operation D.R.I.V.E. is a multi-state patrol on Interstate 85 which keeps an eye on unsafe driving behaviors among commercial vehicle drivers like those texting, following too closely or driving fatigued.More >>
MONTGOMERY, AL (WSFA) -

After years of watching home values decline and foreclosures rise, agents believe the housing market is taking a turn for the better.

Many in our area say the Christmas holidays brought renewed interest in home buying and that trend is continuing into the new year.

But the growth also has them urging potential home buyers to act fast.

With 30 years in the real estate business, JR Towne knows how to predict the housing industry's future.

"We're getting back into a better market--a better balanced market."

Towne believes after years of foreclosures and plummeting home values, the industry is taking baby steps in the right direction.

Sales during the holidays were steady, contributing to a successful January--something he hasn't seen in years.

If buying continues, Towne believes home prices and interest rates will rise.  They're all indicators of a healthy market.

"Everything is set up to have a modest gain this year on your home."

"We're in it right at a really good time," says Bud York.

York recently sold his house for less than he'd hoped.  It's an unfortunate reality for many sellers.

He knows, though, if he buys a home now before interest rates rise and that home appreciates, "more than likely you can make it up on the back end," he says.

It's one reason agents urge buyers to act now. The deals won't last forever.

"A lot of the foreclosures have been sold and a lot of the giveaways are gone," says Towne.

Towne believes homeowners may only see an increase of 1 to 3% on the current value of their homes.

But, he also says growth is growth and "you have to start somewhere."

Copyright 2013  WSFA 12 News.  All rights reserved.

 

  • Most ReadMost ReadMore>>

  • Funeral home offers drive-thru visitation

    Funeral home offers drive-thru visitation

    Monday, September 15 2014 5:01 PM EDT2014-09-15 21:01:25 GMT
    Owners of a local funeral home decided to make saying your final goodbyes a little more convenient.More >>
    Owners of a local funeral home decided to make saying your final goodbyes a little more convenient.More >>
  • Columbus Police searching for motor vehicle theft suspects

    Columbus Police searching for motor vehicle theft suspects

    Monday, September 15 2014 10:53 AM EDT2014-09-15 14:53:57 GMT
    Columbus Police are requesting the public's assistance identifying three suspects responsible for two unrelated motor vehicle thefts.More >>
    Columbus Police are requesting the public's assistance identifying three suspects responsible for two unrelated motor vehicle thefts.More >>
  • CPD searching for robbery suspect

    CPD searching for robbery suspect

    Tuesday, September 16 2014 5:17 AM EDT2014-09-16 09:17:04 GMT
    Columbus police need your help identifying suspects involved in a robbery. The attached pictures were taken from surveillance footage from the M&N package store on Cusseta Road.       More >>
    Columbus police need your help identifying suspects involved in a robbery. The attached pictures were taken from surveillance footage from the M&N package store on Cusseta Road.       More >>
Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.