July 10, 2019
While we may not be experiencing the extreme demand and super short time on the market as we did in recent years, we're still in a warm market. While certain areas seemed to have reached a plateau, others are still moving fast. Only time will tell how mortgage and employment rates will affect the market and slow down or speed up the homeowner's timeline.
A comprehensive report from Zillow shows housing inventory rates, growth rates and more from the West Coast and beyond. Read on to see how the west coast compares to national averages and what the predictions are for the future.
Housing demand is still high but many home buyers are searching for properties that are 9.1 percent below the price point of what is available. Will mortgage rates under 4 percent give homebuyers the hope they need to lower monthly payments and leave renting behind?
Some think that a buyers market is on the horizon but that dream has yet to come true. While there is less competition than there has been in recent years, it’s still very much a seller's market. See market predictions for the second half of 2019.
New data from Redfin suggests that purchasing competition is easing in most metro areas around the country which has homes staying on the market longer. Low mortgage rates will lure in homebuyers, especially in affordable areas where inventory is limited.
It’s reported that the housing market is finally starting to cool, but is it? The housing shortage that fueled fierce competition throughout 2017 and 2018 is on the horizon yet again as supply heads towards an all-time low.