First and foremost, I want to wish you a happy new year. Thank you all for another amazing year in 2018. We’re excited for what’s to come in 2019. Today we’re going to talk a little bit about what you can expect from the real estate market as we head into the new year.
Right now, we’re seeing a bit of a slowdown in the market. That’s normal for this time of year. We’re seeing more homes coming on the market, but buyer traffic should pick up relatively soon. With interest rates coming down a bit, there’s a bit more sense of urgency for buyers.
“The interest rate for renters is 100%.”
Here’s an interesting thought: The interest rate for renters is 100%. Keep that in mind the next time you think interest rates are too high for you to buy. If you’re interested in buying or investing in a home, there’s an extremely good opportunity out there with a strong rental market.
We anticipate 2019 to be a good, solid year without anything too crazy in the market. A nice, steady market is healthy for all of us. Of course homeowners want prices to keep going up like crazy, but a nice, steady increase is good for the long term.
If you’re thinking of selling your home, ask us about our instant offer program. We’re always here to look out for your best interests. If you have any other questions for me about the market or about real estate in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
