1. Inventory will increase a little, but still not enough to meet demand.

2. Mortgage rates are likely to rise. The Mortgage Bankers Association predicts that mortgage rates will reach 5.1% by the end of 2019, but they still remain historically low.

3. Home values will rise, but at a slower pace.  NAR predicts that prices will rise about 3 percent in 2019 over 2018, a solid increase but not at the rampant pace of previous years.

What do these trends mean for you??

If you’re planning on buying or selling a home in 2019, it’s important to put these trends into perspective & realize that the unique characteristics of your local market may not match these overriding predictions. Working with a real estate professional like me with local market knowledge & industry expertise will help you reach your real estate goals in 2019. Contact me today to get started on your journey home.