Experts Predict A Strong Housing Market For The Rest Of 2019

August 26, 2019

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 your specific market, contact a local real estate professional to find out what’s happening in your area.

 

 

 

 

 

 

Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

© 2020 by Chris Dudley

Realtor, and TEAM LEADER of the Dudley Real Estate Group, with Berkshire Hathaway Home Services PenFed Realty

The Dudley Real Estate Group - Licenced in WV, VA, MD & DC    What is my home worth? Click here to get a FREE VALUATION

Chris Cell (202) 297.3047 | Chris@DudleyREGroup.com

--

Tysons Central Office Address - 8075 Leesburg Pike, Suite 720, Vienna, VA 22182  |  Office Phone: (703) 281-8500  |  Fax: (703) 214-2104

​© 2012-2019 by CHRIS DUDLEY with Berkshire Hathaway Home Services - Building Relationships.... NOT just selling!

  • Twitter Social Icon
  • Facebook Social Icon
  • YouTube Social  Icon
  • Google+ Social Icon
  • LinkedIn Social Icon