What Experts are Saying About the Current Housing Market

We’re halfway through the year, and with a decline ininterest rates as well as home price and wage appreciation, manyare wondering what the experts predict for the second half of2019.

Here’s what some have to say:

DanielleHale, ChiefEconomist at realtor.com

“Lower mortgage rates, higher wages and more homes forsale have helped counteract rising home prices, and ultimately,made it so that buyers are able to afford more than lastyear.”

“Our outlook implies 4% growth for the remainingmonths of the year, predicated on…more supply than lastyear, the decline in mortgage rates, moderating home priceappreciation and improving affordability.”

Lawrence Yun, ChiefEconomist at NAR

“Rates of 4% and, in some cases even lower, createextremely attractive conditions for consumers. Buyers, for goodreason, are anxious to purchase and lock in at theserates.”

DougDuncan, Chief Economist for FannieMae

“Moderating home price appreciation and attractivemortgage rates continue to support affordability, particularly ashome builders are now paying more attention to the entry-levelportion of the housing market.”

Kaycee Miller ina Realtor Magazine article

“At the moment, some observers suggest the housingmarket is indeed headed for a slowdown. But no need to panic— experts say the financial and economic factors that were inplay during the big crash a decade ago don’t existtoday.”

Bottom Line

The housing market will be stronger for the rest of 2019. Ifyou’d like to know more about your specific market,let’s get together to chat about what’s happening inour area.