What is the housing market going to look like for 2019?
The California Association of Realtors recently shared a somber forecast for the state housing market in 2019. Officials expect rising interest rates and a lack of affordable housing to stall some of the record-setting prices the Bay Area has seen in recent years
Home prices are expected to go up by about 3 percent next year, but total sales are expected to go down. Because of our strong economy, experts say those who are looking for a home should buy as soon as they feel comfortable to do so.
Interest rates are hovering around 5%. There is a window of opportunity to lock in a good rate before the New Year, shop for lending options. Find what is right for you, your family and your budget. I can help you find that perfect home.
Source: Blog – Santa Cruz MVP Homes