Experts Predict A Strong Housing Market For The Rest Of 2019

Dated: August 27 2019

Views: 59

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.

#relocation #boise #boiseidaho #boisehomes #firsttimehomebuyers #homeownership #buildingwealth #blakeonboise #alisonblakegroup #RealEstateDoneRight#IdahohomesbyOscarcom#Listingspecialist#Firsttimehomebuyerspecialist#Relocationspecialist#NewConstructionspecialist#Investmentspecialist#Alwaysworkingformyclients

Latest Blog Posts

Theres No Reason To Panic Over Todays Lending Standards

There’s No Reason To Panic Over Today’s Lending StandardsToday, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the

Read More

Buyer Competition Is Good News For Sellers INFOGRAPHIC

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in

Read More

Your Tax Refund And Stimulus Savings May Help You Achieve Homeownership This Year

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This YearIf you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the

Read More

Dont Sell On Your Own Just Because Its A Sellers Market

Don’t Sell on Your Own Just Because It’s a Sellers’ MarketIn a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For

Read More