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2019 Housing Market May Be Tough for Buyers and Sellers


According to a forecast from Realtor.com, next year will most likely be a tough environment for both buyers, particularly for entry-level buyers, and sellers.

Higher mortgage rates are one culprit. It’s expected that rates will climb to 5.5% by the end of 2019 and that home prices will rise by 8%. That mix of bad numbers is making prospective buyers bearish about homeownership.

"We don't expect a buyer's market on the horizon within the next five years," said Danielle Hale, chief economist for Realtor.com.

For people who want to sell their homes, the news is not much better. Home price growth is expected to hover around a meager 2.2%.

Read on at:

https://www.chicagotribune.com/business/ct-biz-tough-housing-market-20181128-story.html

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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