02/28/2019
Is the real estate bubble about to burst?
Buyers and sellers can expect a slowing in the rise of home prices - down from the 4-5% growth to between 2 and 3%. Inventory remains tight but is expected to be better than in 2018. If the economy continues to improve, there is an anticipated increase in mortgage rates. Since income growth has not kept pace with the rise in home prices, buyers will need to be prepared to pay a little more to own a home in 2019. So while not headed for a crash, the real estate market is due for a minor reset. Home ownership is within reach for qualified buyers and competition for homes will continue to be strong! For more insight about the 2019 real estate market in 2019, check out this video from realtor.com:
https://youtu.be/6guhAjKus5Q
With 2019 almost here we had our chief economist Danielle Hale give her predictions of the 2019 housing market. See all of Danielle's housing market predicti...