Lawrence Yun, chief economist at the National Association of Realtors®, recently gave his 2019 housing forecast.
Several key points he made:
- home prices to continue to increase, though at a slower pace,
- Consumers should expect the number of home sales to flatten,
- 2017 was the best year for home sales in ten years, and 2018 is only down 1.5 percent year to date.
"As to the possibility that we are currently experiencing a small bubble, Yun was quick to shut down any speculation. 'The current market conditions are fundamentally different than what we were experiencing before the recession 10 years ago,' said Yun. 'Most states are reporting stable or strong market conditions, housing starts are under-producing instead of over-producing and we are seeing historically low foreclosure levels, indicating that people are living within their means and not purchasing homes they cannot afford. This is a stronger, more stable market compared to the loosely regulated market leading up to the bust.'"
More details in the link at the bottom of this page.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service