Experts Predict A Strong Housing Market For The Rest Of 2019

Dated: 08/26/2019

Views: 93

Experts Predict a Strong Housing Market for the Rest of 2019

Experts Predict a Strong Housing Market for the Rest of 2019 | MyKCM

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.

Here’s what some of the experts have to say:

Ralph McLaughlin, Deputy Chief Economist for CoreLogic

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”

Lawrence Yun, Chief Economist at NAR

“We expect the second half of year will be notably better than the first half in terms of home sales, mainly because of lower mortgage rates.”

Freddie Mac

“The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months…The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity.”

Bottom Line

The housing market will be strong for the rest of 2019. If you’d like to know more about our specific market, let’s get together to discuss what’s happening in our area.

Latest Blog Posts

Expert Insights On The 2020 Housing Market

Expert Insights on the 2020 Housing MarketWhen closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect

Read More

When A House Becomes A Happy Home

When a House Becomes a Happy HomeWe talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership.No matter

Read More

The Biggest Issue Facing Housing Next Year

The Biggest Issue Facing Housing Next YearThis coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the

Read More

Is A Bigger House Within Your Budget

Is A Bigger House Within Your Budget?At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to

Read More