Home Buying and Home Selling Trends In 2019

by Black Horse Real Estate 08/11/2019

The real estate market is always changing since there are so many people who want to get the best for their buying potential. If you are on the market and want to know what to expect from it, the following are the home buying trends that will impact the real estate market in 2019.

Home Buying Trends

First, the affordability of houses will change in 2019. Since 2008, potential home buyers and first time home buyers have been cautious on making a purchase. In 2019, the market shows that affordability is to reach a good level for these first time home buyers and potential home buyers. 

Second, home prices and sales trends would continue to fluctuate based on zip code and the neighborhood. Home prices often vary. They are also very different between ZIP codes, communities, and blocks. This trend will continue in 2019.

Third, mortgage rates are going to come up. Market projections show that by mid-2019 mortgage rates will rise another 0.5%. As the prices go up, current homeowners should expect lower mortgage rates. This fact may lead to home sellers getting dis-incentivized because mortgage rate growth and home price growth will affect the market into a shift. Fortunately, there are still potential home buyers who are willing to buy with mortgage rates at 6% to 7%. 

Finally, projections show that the impact of the recent Tax Cuts & Jobs Act (TCJA) would not be as significant as people are expecting. 

Home Selling Trends

When it comes to home selling or selling a lease, the market is very competitive. There are new trends that everybody should expect.

First, with the growth of the housing market, apartment landlords and builders will get more engaged in the so-called “arms race for new amenities.” Every developer would shift focus from maximizing space from a more focused building scheme towards maximizing space to give way for amenities.

Another change that the real estate market should expect is a continued rise of artificial intelligence as it makes its way towards the real estate market. Building management and design would also get affected by the increase of the real estate market.

Now that you know the home buying and home selling trends that will impact the market in 2019, contact a real estate agent today and see if it's a good time to make a move.

About the Author
Author

Black Horse Real Estate

About Black Horse Real Estate, Inc.

Black Horse Real Estate, Inc. is the premier RESIDENTIAL and COMMERCIAL real estate brokerage firm in the metro west area of Boston; located in Sudbury, MA. Whether you are a first time home buyer, luxury consumer, seasoned investor or renter, Black Horse Real Estate Inc. has presented a consistent commitment to diligence, creativity, discretion and a keen ability to put real estate deals together. Our coverage areas include Sudbury, Southborough, Marlborough, Wayland, Hudson, Concord, Framingham, and Stow. Simply put - you hire Black Horse Real Estate Inc. for expert local advice, thorough data analysis, skilled negotiations, creative marketing strategies, out-of-the-box thinking and sheer tenacity.

Accolades:

  • Recipient of the 2015 and 2016 "5 STAR Professional" Award for Real Estate which represents the top 1% of Realtors (as published in the July 2015 and August 2016 Boston Globe.)
  • Recognized as one of the fastest growing Real Estate firms in the area
  • Profiled in the Boston Herald as having one of the best Real Estate websites in the MetroWest area