Posts

Showing posts from January, 2019

2019 - How will the market change?

Happy New Year everyone!
What a tumultuous start of the year. Interst rates rose a 3rd time in  a row and the government shut down is starting to even impact the housing market.

Financing your purchase in 2019 will cost more, the question is how this will influence the market.
The past 3-4 yearsit was a hot sellers market , actually burning hot. Sometime one just threw offers on multiple properties to see what would stick. The average buyer had to submit 5 offers in the $250-500000 range in the right area. Even properties with serious flaws sold for record prices or it was just facinating that they sold at all. Towards the end of 2019 the market seriously cooled down and finally gave buyers time to look at a property twice and actually made a decision with less pressure.
The market is in the process of self correcting itself.
Of course the spring market is always full of surprises. Like always, location, condition and the right price will bring sellers the best sales price and the lea…