What Real Estate Market Trends Can We Expect In 2019

Dated: 01/15/2019

Views: 39

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

Six Flags In Phoenix Wet N Wild Is Now Six Flags Hurricane Harbor

Wet 'n' Wild is now Six Flags Hurricane Harbor Phoenix.The new name comes after Six Flags purchased the lease rights to the 35-acre water park last year. In addition to the new name, the water

Read More

Where Are The Buyers

The Cromford Market Index continues to weaken for sellers and we expect a little more negative movement over the next 2 weeks for 2 reasons. Slow contract activity during the first 2 weeks of

Read More

After 2 Full Weeks Of 2019

January 16 - After 2 full weeks it is fair to compare closed sales counts with the same 2 weeks last year.Across Greater Phoenix for all dwelling types we have seen 1,980 closings, down 14%

Read More

Plunge In Rates Sparks 235 Spike In Mortgage Applications After Unusually Weak Holidays

A sharp drop in interest rates to the lowest level since April sparked a mini-boom in mortgage refinancing. Buyers returning to the market after the holidays may have been inspired by the drop in

Read More