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Sunday, December 23, 2018

Housing market predictions 2019: What homebuyers, sellers can expect

Housing market predictions 2019: What homebuyers, sellers can expect: Forget fevered bidding wars and snap home-buying decisions. Slower and steadier will characterize next year's housing market.

That follows a 2018 that started off hot but softened into the fall as buyers – put off by high prices and few choices – sat out rather than paid up.

Affordability issues will remain a top concern going into 2019, exacerbated by rising mortgage rates. But some of 2018's more intractable issues will begin to loosen up. The volume of for-sale homes is expected to rise and diversify, while the number of buyers is forecast to shrink.