Real Estate Rundown | June 2019
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As spring rolls into summer we are seeing a wide range of predictions from real estate experts. Are we on the brink of a recession or still sailing smoothly with a hot market for many months to come? Only time will tell. As movers, it pays off to stay consistent with your marketing so that you can reel in business no matter which way the market turns.
Freddie Mac economists are predicting an increase in home sales with low rates and job growth giving the housing market a boost. After many months of steep increases, home prices are rising more slowly in many US cities.
With high demand and builders scrambling to finish homes for entry-level buyers, National Association of Realtors is predicting a twelve year high. Existing home sales may lay flat this year with a possible increase next year.
Buyers have been holding their breath for over a year for a potential home price drop and it looks like it’s finally here. Zillow’s data shows that the median home value dropped in April for 35 of the largest markets in the US.
A new study shows that housing markets have been expanding, especially in western metro areas like San Jose, Seattle, and Salt Lake City. But even with the expansion, these homes are still out of reach for many.
With high prices and a limited supply of entry-level homes, the mortgage interest rate drop did little to help home sales in April. The sale of existing homes fell 0.4% in April for the 14th straight month of annual declines.
Categories: Real Estate News