Real Estate Rundown | May 2019
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As a part of the moving industry, we’re sure you’ve noticed that this year’s real estate market differs from the last few. With houses averaging a longer time on the market, increased seller competition, and more options for buyers, don’t expect 2019 to mimic previous years. See what the experts are saying about recent trends and future projections.
Are American’s spooked by rising home prices and a shaky economy? US homeownership fell for the first time in two years during the first quarter of 2019.
Mortgage rates are much lower now than they were at the end of last year. Some think this incentive won't do much for the slowing economy and homebuyer confidence.
What’s ahead for the 2019 Real Estate Market? Some think that coastal property prices will start to decrease, the economy will continue to increase, and opportunity zones will offer a positive improvement to the housing market.
More homes are available for sales and more people are orienting themselves to homes that they can afford. There’s also been a nice boost to the spring market as mortgage rates decreased in Q1. Sellers will see more competition as homes sit on the market longer.
There’s been a noticeable change in the market in 2019. Could this spring be a rare moment when the market works well for both sellers and buyers but favors neither?
Categories: Real Estate News