Based on projections from some very reputable sources, residential real estate sales are projected to be more optimistic in 2019.
Keep in mind that, in general, prices and activity are still at pre-2008 levels, which is a booming market!
Here are the sources for this information:
- Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
- The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
- Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
- Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.
Here are their projections:
If you would like more detailed info on our local market, don't hesitate to get in touch with me.