The upcoming 2019 housing and mortgage market offers both good news and bad news for buyers and sellers. Sellers will benefit from a continuing rise in home prices, and a short supply of available homes, which can create bidding wars, driving prices even higher. On the downside, rising mortgage rates may keep potential buyers out of the market. For buyers and mortgage borrowers, home supply and mortgage costs may create barriers in some markets.
However, this negative has also motivated builders to construct more entry-level homes, while lenders are gradually making it easier to qualify for a loan. Whether you’re considering buying or selling in the coming year, it’s smart to be aware of national trends as well as the trends in your local market. Yahoo Finance offers these nine housing and mortgage trends to watch for in 2019.
For an overview of what to expect in the Philadelphia regional market, check out this article from the Philadelphia Inquirer. Your best move? Contact Vanguard Realty Associates. We’ll help you minimize the negatives and maximize the positives of the 2019 real estate market.