2019 is being dubbed a “Buyers’ Market”! Great news for Buyers! So, If you’ve been waiting for the housing FRENZY to pass …. Count your lucky stars! We are seeing home sales slowing down and shifting more in the favor of buyers than sellers. We are starting to move towards a normal housing market.
What does that mean? More properties are hitting the market and there are fewer buyers to compete with. So buyers have options and the multiple offers scenarios are dying down.
Millennial’s are emerging and according to Realtor.com they account for 49 percent of mortgages in the top markets for home buyers. They expect that trend to continue throughout 2019.
How to take advantage of this shift? Get with your local Realtor and Lender to see what your home buying power is. Applied knowledge is power. For more information regarding qualifying for a home loan or to get the value of your current home head to www.WrightGroupLuxuryRe.com or call 702-498-4802.
April K. Wright, CPM, e-Pro