Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019,
2020 Forecast Shows Continued Home Price Appreciation. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:
Whether the sales price is more important than the interest rate depends on your perspective. All real estate is local. This means whatever is happening in your local market in Solano County, for example, could vary wildly from, say, the market in Manhattan. It’s pretty much impossible to time the real estate market, but you can …
2nd Quarter National Housing Report for 2019. ach quarter we publish a national housing report covering the entire nation. We look at pricing trends, historical data and future predictions.
Why Is My House Taking So Long To Sell? Fairfield Housing Report May 2019. May is supposed to be the hottest selling month of the year. Just look at May of 2018. closed sales for Fairfield 137 homes. In May of 2019 we are down 24.1% in homes sold.
We listed 36.2% (203) more homes for sale in April than in March and only sold 87 homes in April which is -20.9% less (110) than in March. For the same period year over year, our inventory is up 46% while the sold properties are down -16.6% indicating a slower Spring than a year ago.
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
With home prices softening, some are concerned that we may be headed toward the next housing crash.
Spring is here, and, with it, a busy home-buying and -selling season. While real estate markets can vary widely by region, housing is currently seeing similar developments across the country. The Kiplinger Letter, an online source for personal finance advice and business forecasts, recently shared spring market trends. According to Kiplinger’s David Payne, staff economist, …