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Housing Market Falters Despite Strong Economic Numbers


Yes, it’s a tough housing market out there. According to the National Association of Realtors, the first nine months of 2018 saw a 2.1% decrease in home sales.

“Definitely, there is a shift in the market,” says Lawrence Yun, chief economist of the National Association of Realtors (NAR). “Buyer activity appears to be softening. Buyers have more chances.”

As mortgage rates rise and the supply of homes dwindles, the housing market is becoming less favorable for sellers.

The realtors group reports a 3.4 percent sales drop in September from the previous month to the lowest level since November 2015.

Even pricy Western markets such as Denver, San Francisco, and Seattle are feeling the pinch as the rise in home prices stalls.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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