It’s going to be a challenging year for home buyers in 2019: They will continue to compete for a short supply of homes. Home prices and mortgage rates are likely to keep moving upward, bruising affordability.
But 2019 is likely to bring some welcome developments, too, for buyers and mortgage borrowers. Builders are constructing more entry-level homes, lenders are gradually making it easier to qualify for a loan, and first-time home buyers are getting the attention they deserve.
Here are nine housing and mortgage trends to watch for in 2019.
1. Wanted: More homes for sale.
2. Home prices will keep going up.
3. Mortgage rates will continue rising.
4. Affordability still a concern.
5. New homes get smaller.
6. First-time buyers dominate.
7. Lending standards ease a little.
8. More borrowers choose ARMs.
9. Overconfident sellers could struggle.
For the details please go to:
https://www.nerdwallet.com/blog/mortgages/housing-mortgage-trends-2019/
Courtesy of Holden Lewis, Nerdwallet.
