A pedestrian walks past an advertising banner for new home sales in Alhambra, California on September 26, 2013.; Credit: FREDERIC J. BROWN/AFP/Getty Images
Frustration has characterized the experience of many aspirant homebuyers in Southern California. Despite the stabilization of housing prices in Los Angeles and Orange counties in the last few months, low inventory and bidding wars are still the rules of the game.
There are new rules and possible tax expirations in 2014 that could impact the housing market this year. With Spring homebuying season just around the corner, we've invited two experts to talk about their predictions for the housing market this year.
Would we see more houses hitting the market? Would prices go up? If you are in the market for a home, what could you do to improve your chances?
Guests:
David Krohn, Vice President of Property Masters Realty, a real estate firm in Glendale
Chris Thornberg, Principal at Beacon Economics