Posts Tagged as 2019 Real Estate

Looking For Something Good? This Could be Your Year.

Tips for Making 2019 Your Best Real Estate Sales Year Ever

How can you make the most of the upcoming real estate selling year? Tumultuous market conditions, from a shrinking inventory and stalled new construction to rising interest rates, can make the idea of planning ahead seem like a fruitless endeavor. Rest assured, however, it is possible to navigate the complicated waters of today’s market with the right tips.

Strive to Stay Open-Minded

Rather than relying on a single forecast or opinion on the future of the market, look to a variety of sources, drawing your own conclusions on future trends. This will also help you deliver expert advice to clients concerned about potential speed bumps ahead.

Get Out There

Local and national industry functions can be a valuable source of market information, predictions, and projections for the coming year, offering reliable answers to your (and your customers’) real estate selling questions and concerns.

Stay in Contact

With mortgage and banking contacts to stay abreast of expected changes in the coming year, such as alterations to the mortgage application/approval process that could slow down closing procedures.

Ask (and Answer) Questions

Survey clients by mail/email on their plans to buy/sell. This keeps you in touch with potential customers and gives them the opportunity to address their own market concerns.

Stay on Top of Tech

If your smartphone, tablet, or computer is outdated, now is the time to upgrade. Technology is expected to play a pivotal role in real estate sales in the coming year(s).

Network

Review your list of partners for easy referral in client transactions, including home inspectors, appraisers, home warranty service providers, lenders, stagers, movers, and pest control pros. Having this list at your fingertips can greatly help speed the sales process.

The New Year brings with it new opportunities. How will you prepare? Get the latest in trustworthy real estate selling tips and tech from Properties Online today.

Each Property Should Be Shown in its Best Light!

Looking Ahead: What’s in Store for Real Estate Sales in 2019?

As 2018 comes to a close, what real estate trends are on the horizon? While no one can predict precisely what the future holds, 2019 is likely to reflect the following issues in the housing market:

New Home Construction on the Rise

There’s a rise in building permits nationwide, up 8.4% over April 2017 levels, offering hope for a much-needed influx of new single-family homes. However, with long lag times until completion 2019 will likely continue to suffer supply shortages.

Rising Mortgage Rates

Mortgage rates, which hovered below 4% back in 2017, have risen substantially. Their steady upward climb has continued for months, from 4.52% for the average 30-year mortgage back in July of this year to around 4.75% today.

Moving forward, the Mortgage Bankers Association (MBA) predicts rates hitting around 4.9% by the close of the year, with rates continuing to inch upward in 2019. Economists at Freddie Mac concur. Despite rising rates, however, the economy is strong and employment is high, thus real estate sales are not expected to take a hit.

Continually Rising Home Prices

Given short supply and increased demand, home prices in most U.S. cities are expected to continue to climb in 2019. How high will they go? Zillow estimates the median home price rose 8.1% over the past year, and anticipates a 6.5% increase over the 12-month period from July 2018 to July 2019. Tighter markets, such as those in California, Oregon, and Washington, are likely to see the greatest gains.

Despite This, It’s Still a Seller’s Market

Despite all of the above, 2019 is expected to remain a seller’s market. The inventory shortages seen in most markets through 2017-18 are likely to continue, driving the trend and putting upward pressure on prices.

Don’t get stuck in the past. Stay on top of current real estate trends. Ensure a shining, successful New Year with the help of Properties Online today.