New year, new market? Sort of. I get asked this question more than any other question, How’s the market? With the new year here it is important to talk about to expect. My quick answer is expect more of the same. Most reports are showing a similar market to what we have experienced the past 2 years, with a change from being a seller’s market to more of a “normal” market, due to the increase in the inventory levels we are seeing. The first time home buyers price range inventory is still low, and probably will remain that way in 2109, but seeing an increase inventory in the higher priced homes for sure!
Another question that comes into play here is will interest rates continue to increase? Yes, I do believe they will, but not as much as originally predicted. And remember these are still amazing rates! However, it is important to know that a 1% increase in your rate will change the price point of the house you are able to purchase.
2019 is a great year to buy a new home and/or sell your current one! If you or someone you know is looking to make a move this year, please give me a call, as I would love the opportunity to earn your business!
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