Enjoy these fantastic weekend events!Lake Havasu City 42nd Annual Relics & Rods Run to the SunOctober 19th, 2019 @ 9:00am - October 20th, 2019 @ 10:00am1477 Queens BayLake Havasu City, AZ
2019 Real Estate Predictions
While no one can see the future, the new year has some real estate predictions worth looking out for. Check out these predictions from Forbes and Realtor.com:
1: More Homes on the Market
The inventory levels have been low over the last several years, but in 2019, they are predicted to go up a little bit. At less than 7%, it won't be a huge increase, but it will be an improvement.
2: Mortgage Rates Will Continue to Rise
Mortgage rates for fixed rate 30-year mortgages are predicted to reach 5.8%.
3: Millennials Will Be The Largest Group Of Buyers
The 2019 housing market can expect high millennial demand. Millennials are predicted to make up 45% of buyers.
4: Home Price increases Will Slow
It is predicted that in 2019 home appreciation will slow to around 3%. This is based on recent inventory patterns.
If you are ready to buy or sell a home in 2019, our BMP Network agents would love to help you. To speak with one of our BMP Network agents, click HERE.