According to the Chief Economist at Realtor.com, the 2019 real estate market will no longer be a Seller’s Market but rather transition to a Balanced Market as inventory levels increase by 7% annually. The cost to buy will continue to rise due to demand and higher interest rates which are projected to track towards 6 percent. According to Zillow, a slower market will provide Buyers more options and greater windows of time to make buying decisions and the market will experience fewer multiple offer scenarios. Further, “people still think it is a good time to sell, but it is not as favorable as it was last year.”
It would appear 2019 will be a pivotal year as the real estate market cools and returns to a balance between buyers, sellers and renters. Give me a call at 239-273-4006 to learn how the changing real estate market may impact your buying or selling needs. I look forward to hearing from you.
Author:Fay Bamond Phone: 239-273-4006 Dated: December 3rd 2018 Views: 4,179 About Fay: Fay Bamond, PA, Broker Associate, provides buyers and sellers in-depth local knowledge, technologica...
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"Fay was professional, responsive and above all, trustworthy. It's difficult and unnerving to be 1300 miles away when your house is being built, but Fay was there and asked all the right questions of the builders and relayed that information back to me. She asked questions on my behalf that I hadn't even thought about and I felt from the beginning she had my back. Fay went far beyond my expectations and I would recommend her to anyone for their real estate transactions. "