We all ask how the 2019 real estate forecast will look like. Right now it seems that it will be a similar year to last year with more homes on the market and less buyers looking.
Reasons for the 2019 Real Estate Forecast
The number one reason for fewer buyers is the slow increase in mortgage rates which will continue this year. This makes it harder for millennial buyers who make up about 45% of new mortgages to step into the market.
Generation Xers who make up about 37% of mortgages have an easier time of it as they are moving up. They can use the equity from their current home and just add a mortgage payment which fits into their monthly budget to determine how much home they can afford. Many of these buyers bought just before the big real…