2019 Housing Market Predictions
Is 2019 the year you finally buy that starter home? Are you upgrading or downsizing to a new home? Are you interested in how your home value is likely to change over the next year? We offer these 2019 housing market predictions to consider as you review your housing plans for the year.
Inventory Will Ease a Bit, but for the Wrong Reason – Inventory is expected to increase slightly but that increase will stay below 7%, according to Realtor.com. Unfortunately, that reflects people being priced out of the market as much as it reflects a supply of new homes. Growth in new home construction is expected to stay relatively flat, while overall demand is likely to decrease.
Inventory gains are concentrated in higher-priced homes and markets, implying that there are plenty of homes available for people who can't afford them.
Talk of a recession starting as early as late 2019 may also scare off potential homebuyers who fear buying at the crest of...
from MoneyTips http://bit.ly/2Qn1jqO
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