If 2013 was the year of investment buyers, then expect repeat home buyers and urban renters to be the dominant forces in the housing market in 2014, says Trulia chief economist Jed Kolko in his latest outlook.
Why will repeat buyers take center stage? “They’re less discouraged by rising prices than either investors or first-time buyers because the home they already own has also risen in value. Also, the down payment is less of a challenge for repeat buyers if they have equity in their current home,” Kolko says in blog post. Read coverage of Trulia’s forecast from HousingWire.com.
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