Here are three interesting real estate trends to watch for in 2019:
First Time Home Buyers will purchase more homes than any other buyers —
This despite ongoing challenges of student debt and other economic factors interfering with their ability to save for housing down payments, says Chief Economist of the nation’s second-largest regional real estate company, Matt Gardner of Windemere Real Estate.
Single women will outnumber single men in home purchases across the US —
Though men make 20% more money on average than women in the US, single women own 22% of owner-occupied homes in the US, while single males only claim 13% of these dwellings, according to US Census Bureau data. While the differences are greater in metropolitan areas, this trend is significant and is expected to continue according to LendingTree.com.
The 2019 real estate market will be marked by stability!
According to a new Fannie Mae report, slower economic growth will mean more static interest rates and increasing affordability across the US. “If mortgage rates trend sideways next year, as we anticipate, and home price appreciation continues to moderate, improving affordability should breathe some life into the housing market,” says Fannie Mae chief economist, Doug Duncan.
Below are the latest market statistics in towns around here and a fabulous coming attraction!
Wishing you all a joyous holiday season, and a wonderful and prosperous New Year!