Experts weigh in on what the 2019 housing market will bring
Experts weigh in on what the 2019 housing market will bring By Kathy Orton January 7 A year ago, several experts predicted the new tax law would cause a slowdown in the housing market. So far, the limitations on mortgage-interest and property-tax deductions haven’t had a negative impact. Instead, rising mortgage rates and home prices are doing more to put a damper on the market. Economic uncertainty brought on by global trade tensions , stock market volatility and the government shutdown also isn’t helping. In this environment, potential home buyers can be reluctant to make a large purchase such as a house. The last sustained government shutdown in 2013 saw a slump in home sales. It is too soon to tell whether the recent decline is a temporary lull or a major pullback. In their forecasts for 2019, real estate experts anticipate the housing market slowing down, but not stalling, with prices and mor...
