State of the Market – February 2019

Facebooktwitterredditpinterestlinkedinmailby feather

A letter from Joseph A. Horning, President of Shorewest, REALTORS®

Facebook Share Image 12_1

The beginning of the year is a time to pause and reflect on the success of the 2018 real estate market and look forward to continued growth in 2019. The upcoming housing market is trending to be more balanced. Buyers are not backing down from potentially rising mortgage rates and rising home prices and on the flip side; inventory is slowly increasing to a more equal level.

In 2019, buyers will still contend with cost, mortgage rate and inventory pressures. Home prices and inventory are rising, albeit very slowly, which means a solid but swift decision in purchasing a home will make a big difference for home buyers. Throughout 2018 there were a few interest rate increases with the same pattern predicted for 2019. Buyers who are able to lock in a long-term rate early will benefit from being able to buy more house and have lower monthly mortgage payments. Talk to a Wisconsin Mortgage Corporation Loan Officer today to explore your options.

While inventory of homes for sale have been steadily increasing over the last six months, the supply of homes for sale is still below buyer demand. This continues to make it a great opportunity for those looking to sell their homes. They can expect a quick sale at a competitive price.

It is important to use a REALTOR® when selling your home. A REALTOR® will prepare your home for sale, coordinate with the buyers and close the deal all while marketing your home and making sure all paperwork is done correctly and on time. When searching for the right property, a Shorewest, REALTOR® presents tremendous value. According to the National Association of REALTORS® Real Estate in a Digital Age report, 95% of home buyers search for their dream home on the internet, 87% bought their home with the help of a REALTOR®. More tools, more training and more experience add up to why Shorewest, REALTORS® are the most referred sales associates.

In 2018, over 11,000 clients and families trusted us to help them find their dream home. Shorewest, REALTORS® used their drive, passion and knowledge to create positive transactions. Thank you for allowing our dedicated team to care for your real estate needs.

Tags: , , , , , , , , , , , , ,

Categories: Home Buying, Home Selling, Homeowner, Quarterly Newsletter, Real Estate News, Shorewest News

Leave a Reply

Your email address will not be published. Required fields are marked *