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: 4,481 About Fay: Fay Bamond, PA, Broker Associate, provides buyers and sellers in-depth local knowledge, technologica...
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Naples and across the US Home-ownership Still Vital to Build WealthAc
"If you are not sure of where you want to live in Naples, what type of community you're looking for and what it will take to put it all together, then contact Fay. Her vast, experienced knowledge of the communities and homes will help you not only narrow down your search but find that perfect house to buy as your home or as a rental or investment property. My husband and I just feel fortunate we were lucky enough to connect with Fay purely by chance when we called on a property. We have complete trust in the ethical, honest and professional way she conducts her business. We look forward to working with her again and/or recommending her to our friends and family."