Boom or Bust for the 2019 Spring Selling Season?

Home prices reached an all-time high in most markets in 2018. Homeowners benefitted greatly… A typical homeowner’s wealth is estimated to have reached $254,000 while that of a typical renter stood at only $5,000.

How will 2019 spring home-buying season fare this year?

-consumer sentiment about home buying is turning for the better.

-the number of people applying for a mortgage to buy a home has also been on the uptick

-the broader consumer outlook about the economy is back to near an all-time high.

-the 30-year fixed rate mortgage fell to under 4.5%.

-The latest wage gain of 3.4% is the highest in a decade. For the first time in a long time, people’s income will outpace home price growth, thereby helping on affordability.

-home values are poised to advance further in 2019, albeit more modestly. Better times are ahead for homebuyers.

More here —> Boom or Bust

#HartisWhereYourHomeis #realestatemarket #realestate #realtor #springselling

Home prices reached an all-time high in most markets in 2018. Homeowners benefitted greatly… A typical homeowner’s wealth is estimated to have reached $254,000 while that of a typical renter stood at only $5,000.

How will 2019 spring home-buying season fare this year?

-consumer sentiment about home buying is turning for the better.

-the number of people applying for a mortgage to buy a home has also been on the uptick

-the broader consumer outlook about the economy is back to near an all-time high.

-the 30-year fixed rate mortgage fell to under 4.5%.

-The latest wage gain of 3.4% is the highest in a decade. For the first time in a long time, people’s income will outpace home price growth, thereby helping on affordability.

-home values are poised to advance further in 2019, albeit more modestly. Better times are ahead for homebuyers.

More here —> Boom or Bust

#HartisWhereYourHomeis #realestatemarket #realestate #realtor #springselling

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