Real Estate Tips: 2019 Market Predictions

If you’ve watched any of my market update videos over the past few months, you’ve likely noticed that there have been some significant changes when it comes to residential real estate. Specifically, inventory is increasing, sales are softening, and interest rates have been on the up and up. Generally, the real estate cycle, meaning the ups and downs, will shift every 7 to 10 years. While 2018 is the 10 year mark since the last drop in the market, we are finally seeing things change a bit. Looking into 2019, what can we expect? While it is challenging to be 100% accurate, see below some predictions when it comes to interest rates, inventory and millennial buyers.