Survey Indicates Expected Growth in Real Estate Industry

Based in Irvine, California, Mohsen (Max) Motamedian currently serves as the CEO of Total NutriCare, LLC, a holistic care company that he runs in conjunction with a certified holistic nutritionist. In addition to managing the company’s purchasing and marketing efforts, Mohsen (Max) Motamedian also maintains an active interest in real estate.

The National Association of Realtors recently publicized findings from the August 2014 REALTORS® Confidence Index Survey, which polls more than 50,000 real estate professionals each month to gain a nationwide perspective on expectations for future pricing, market growth, and home sales. According to the results of the August 2014 survey, practitioners expect home prices to modestly increase over the next year, with an estimated 3.5 percent price increase on average. These expectations vary based on local conditions like inventory levels, credit conditions, and state job markets.

In states like Florida, Hawaii, and Texas, practitioners anticipate price increases closer to five or six percent, due to elevated job growth from the oil and technology sectors. Real estate practitioners from the Great Lakes area also expect a three-to-five percent price increase as a result of activities in the manufacturing and automotive industries.