What Real Estate Market Trends Can We Expect In 2019

Dated: 01/15/2019

Views: 46

Though there is no crystal ball to see the future of the real estate market in 2019, there are definite trends that are setting the tone for the market in the new year.

Mortgage interest rates will continue to rise. Experts predict that by the end of 2019, mortgage interest rates will be 5.5 percent or even higher. Despite this projected increase, mortgage interest rates remain historically low.

For buyers, now is the time to buy before home purchase power is further impacted by higher interest rates.


Mortgage interest rates will continue to rise. Experts predict that by the end of 2019, mortgage interest rates will be 5.5 percent or even higher. Despite this projected increase, mortgage interest rates remain historically low.

For buyers, now is the time to buy before home purchase power is further impacted by higher interest rates.

Millennials will make up a key share of buyers in 2019 as their income increases and as they start and grow their families. Realtor.com expects that millennials will account for 45 percent of mortgages with 37 percent going to Gen Xers and 17 percent to baby boomers in 2019. Millennials are a big demographic group and as they are getting older and settling down, they are getting into their home buying years.

For sellers, correctly pricing a home for sale is now more important than ever. Buyers are well-educated on the dynamics of the market and they are highly concerned about over-spending. They are looking for incredible value and they will not consider a property unless it represents a significant value proposition.

Michelle Hennessey,

Blog author image

Chad Arend

Chad grew up in the Phoenix area, and can't imagine living anywhere else. After working in finance for 6 years, he decided to make the move to real estate in late 2004. Real Estate runs in his family,....

Latest Blog Posts

Homebuilder Sentiment Inches Higher But Affordability Is Still A Problem

Builder confidence rose 1 point to 63 in April in the monthly National Association of Home Builders/Wells Fargo Housing Market Index. It hit a 2018 high of 70 in May.Sentiment has remained in the

Read More

Plan To Kill Light Rail In Phoenix Will Be On August Ballot Judge Rules

An initiative that could kill all future light rail in Phoenix will appear on the ballot in August, a judge ruled Friday.  The Arizona chapter of the Associated General Contractors of

Read More

1 In 5 Homeowners Is Making This Costly Mistake And It Could Ruin Their Finances

Close to 20% of homeowners have no money set aside for an emergency home repair, according to a survey from HomeServe USA, a provider of home repair plans. The cost of fixing pipes and faucets

Read More

Weekly Mortgage Refinances Spike 39 After Huge Rate Drop

Weekly mortgage application volume surged 18.6 percent from the previous week and 28 percent from a year ago, according to the Mortgage Bankers Association. Refinance applications jumped 39

Read More