Whitney Minnich Real Estate and Community Updates

Buying and selling a home will become more difficult in 2019 Affordability to diminish November 28, 2018 Kelsey Ramírez Buying and selling a home is about to get a lot more difficult in 2019, or so says one expert in her forecast for next year. Realtor.com explained that rising interest rates and home prices will overshadow any inventory increases in the year to come. In fact, affordability is set to worsen, making it more difficult to buy or sell a home in 2019. The forecast predicts mortgage interest rates will average 5.3% and hit 5.5% by the end of 2019. That would make the average home purchase 8% more expensive per month than in 2018. Home price growth is also expected to continue, rising slowly at a rate of 2.2% over the year. Inventory increases will also remain moderate with a less than 7% projected increase. The result will be a 2% decline in home sales, realtor.com predicted. “Inventory will continue to increase next year, but unless there is a major...

The 4 Key Trends Home Buyers and Sellers Should Watch in 2019 We're entering the home stretch of 2018, when you can actually say, "See you next year!" to someone you'll see in just a few weeks. It's a time to look ahead, to make new plans, to achieve new dreams. And if those dreams include buying your own home, you should keep an eye on the ever-changing tides of the housing market. Now, markets are like the weather: You can't entirely predict how they will act, but you  can  get a sense of the forces that will push things in one direction or another. The  realtor . com ® economic research team analyzed a wealth of housing data to come up with a forecast of what 2019 might hold for home buyers and sellers—and it looks like both groups are going to be facing some challenges. Here are the top four takeaways. For more information, see the full  realtor.com® 2019 forecast . 1. We'll have more homes for sale, especially luxury ones We've been...