by Liz Jones | February 28, 2019 12:48 pm
by Cristina Dougherty & Associates
The one question that realtors get asked almost on a daily basis is: “How is the market?” For some, it’s just a way to make small talk, for others, it’s a genuine interest in what is going on for themselves and their investments.
Regardless of which category you fall into, I am going to give you the information on current conditions and what is expected in 2019!
1. Inventory is low.
There are simply not enough houses on the market for the number of buyers we are seeing. Available houses are predicted to increase in the next few months, but there will still be a shortage. If you thinking of selling this year, call us! All types of houses are needed, but there is a stronger need for homes/townhouses/condos in the $650K and under range.
2. Mortgage rates are likely to increase in the coming months.
Industry experts predict they will be around 5.1% by the end of the year. Don’t let that scare you though. While they are higher than the rock bottom rates of a few years ago, they are still outstanding when looking at the forty-year mortgage cycle.
3. Home values will still rise this year, but at a slower pace.
Experts believe that there will be about a 3% increase in values from 2018 numbers.
4. Investors will see healthy returns from real estate this year.
If you are looking to diversify your portfolio, real estate would be a great place to look.
So there you have it. That is how we see 2019 playing out. If you have any questions or want any additional information on the market, or on buying or selling a home, please contact us! Connect with Cristina Dougherty & Associates by clicking: Online, Facebook, Twitter, calling: (703) 969-0471, and emailing: [email protected]
Cristina Dougherty & Associates is a full-service Northern Virginia real estate team with more than 15-years of experience, specializing in both buyer and seller transactions. Totally dedicated to their craft, the team of three agents and one executive assistant make clients their number one priority, striving to exceed expectations on every sale.
Cristina Dougherty & Associates stays at the forefront of marketing and technological innovation in the real estate industry, always on top of new opportunities to help clients get their homes bought and sold. Proving their reputation of excellence, Christina Dougherty & Associates has been featured in Washingtonian Magazine's Top Agents issue four years in a row! In addition to being top-notch agents, they are also a lot of fun to work with!
Connect with Cristina Dougherty & Associates by clicking: Online, Facebook, Twitter, calling: (703) 969-0471, and emailing: [email protected].
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