Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.
However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available).
Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show that buyer demand has increased in each of the last three months.
According to the National Association of Realtors’ Economists’ Outlook Blog, purchasing a home has become more affordable, which has led to increased demand.
“Due to the combination of falling home prices and mortgage rates, the income needed to make an affordable mortgage payment (mortgage no more than 25% of income) on a median-priced home with 10% down payment and 30-year fixed rate mortgage decreased from $60,425 in June 2018 to $53,783 as of February 2019, and the difference of $6,642 represents a gain in buying power because one can afford a home purchase at a lower level of income.”
It appears the spring buyers’ market is going to be much stronger than many had projected. Whether you are selling or buying, this is important news.
Property Search
RSS Feed
Search Blog
Recent Blogs
What Does Contingent Mean On A Listing - When you see the word
Why Buy Instead Of Rent - Why Buy Instead Of Rent?CHRIS
How To Increase Your Zestimate On Zillow - Determining the value of your home
Why Not To Skip A Home Inspection - In a highly competitive market,
Our Bloggers
Alex Altaly - 8
Semion Androne - 7
Jerome Ball - 18
Surya Basava - 2
Gary Brown - 2
Edward Budnek - 3
Jason Crouch - 1
Susan Doyle - 3
Hossam Elsayed - 10
Torre Escott - 3
Tyler Finkler - 14
Jennifer Gonzalez - 7
Stacey Hawkins - 14
Kristen Heap - 2
Chris Johnson - 17
Denis Joseph - 2
Lori Kempton - 2
Rose Nassar - 4
Dennis and Laurie OBrien - 7
Candace Rebecchini - 34
Chris Russell - 154
Alison Segrest - 5
Christina Strickland - 12
Meredith Thomas - 2
Javaria Usmani - 1
Karin Waterschoot-Perez - 134
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.
Español
Francais
Deutsch
Italiano
Portugues 
Chinese 
Russian