Where is the Housing Market Headed in 2019?
Every day we’re asked what the 2019 housing market looks like? Will prices fall? Will interest rates go up? Will inventory stay tight or will it become a buyer’s market?
Here are national projections, but keep in mind that the Santa Fe market generally lags behind national trends by at least six months. Prices remain steady and inventory remains tight, but with our help, you can still find bargains.
- Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
- Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
- All four major reporting agencies believe that home sales will outpace 2018!