What Experts are Saying About the Current National Housing Market

Dated: 07/27/2019

Views: 118

What Experts are Saying About the Current Housing Market

What Experts are Saying About the Current Housing Market | MyKCM

We’re halfway through the year, and 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.

Here’s what some have to say:

Danielle Hale, Chief Economist at realtor.com

“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.”

Lawrence Yun, Chief Economist at NAR

“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.”

Doug Duncan, Chief Economist for Fannie Mae

“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.”

Kaycee Miller in a Realtor Magazine article

“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.”

Bottom Line

The housing market will be stronger for the rest of 2019. If you’d like to know more about your specific market, let’s get together to chat about what’s happening in our area.

Blog author image

Eric S. Stegall

Thank you for visiting my website. I've been helping families find their place at the the lake for almost two decades. I love introducing new customers and clients to this beautiful area, I get to cal....

Latest Blog Posts

The Lake Pro Team - Lake Keowee Market Update - July 2020

The waterfront home market on Lake Keowee is on fire. We currently have 3 months of waterfront home inventory available for sale. That is in comparison to last year when we had 9 months of.

Read More

Why This Is More Like 9-11 Than 2008

The current situation with the coronavirus reminds me of the days after 9/11 more than the housing and mortgage crash of 2008. Just like with the coronavirus, 9/11 was very unexpected and couldn't

Read More

Happy Friday Seneca - March 13, 2020

Calendar of EventsMarch 14th @ 9am: Clemson Marina's 4th Annual Big Splash EventMarch 14th @ 11am: St. Patrick's Day Festival and ParadeMarch  14th @ 2pm: Every 2nd Saturday

Read More

Seneca - Lake Keowee Weekly Update - March 11, 2020

If you're receiving this weekly email you have already registered on my Lake Keowee Real Estate Pro website. If you are asked to register again just use your current email as your password. No need

Read More