Real Estate Experts Weigh In on Current Housing Market

“Now is the best time to sell your home because the lower interest rates help your potential buyers.”

We’re halfway through the year. With a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019 when it comes to the real estate market. If you’ve been tossing around the idea of selling your home but hesitating, this article is for you.

This is a prime time to sell your home…and for buyers to find some gems.

The Marketing Scoop from the Real Estate Experts

real estate experts weigh in on housing market trends

Here’s what some of the real estate experts have to say:

”The real estate market in Delaware has been very strong this year and it looks good for the next several years. If you have decided you want to move here, you need to sell your current home in New Jersey, New York, Connecticut, Pennsylvania, etc., now … while demand is strong and interest rates are low. If there is a correction, it will affect your ability to sell more than your ability to buy.”

Kathy Sperl-Bell, Broker at Active Adults Realty

“Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so that buyers are able to afford more than last year.”

“Our outlook implies 4% growth for the remaining months of the year, predicated on…more supply than last year, the decline in mortgage rates, moderating home price appreciation and improving affordability.”

Danielle Hale, Chief Economist at realtor.com

“Rates of 4% and, in some cases even lower, create extremely attractive conditions for consumers. Buyers, for good reason, are anxious to purchase and lock in at these rates.”

Lawrence Yun, Chief Economist at NAR

“Moderating home price appreciation and attractive mortgage rates continue to support affordability, particularly as home builders are now paying more attention to the entry-level portion of the housing market.”

Doug Duncan, Chief Economist for Fannie Mae

“At the moment, some observers suggest the housing market is indeed headed for a slowdown. But no need to panic — experts say the financial and economic factors that were in play during the big crash a decade ago don’t exist today.”

Kaycee Miller in a Realtor Magazine article

The housing market will be stronger for the rest of 2019. If you’d like to know more about your specific market or a particular neighborhood you like, let’s get together to chat about what’s happening around Delaware.

If you have decided that you are not staying in your current home, this is the best time to get it listed. People are out looking for homes. My team and I are ready to help others find your home plus are available to assist you in finding your next home. Let’s plan a time to talk soon.

Source: Keeping Current Matters, http://bit.ly/2ynonPZ